Return to question QS 14.4 Recording bond issuance and interest LO P1, P2, P3 4.54 points On January 1, Renewable Energy issues bonds that have a $36,000 par value, mature in four years, and pay 15% Interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 103%. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 1037 No Date Credit Jan 01 General Journal Cash Discount on bonds payable Bonds payable Debit 35,640 360 36,000 Jan 01 Cash Premium on bonds payable Bonds payable 37,200 36,000 1,260 Required 2 >