Sandhill Power Ltd. issues bonds and receives proceeds of $54,652,500. The bonds mature in 13 years and carry a 8.4% interest rate paid semi-annually. The bonds were issued at a price of 121.45 to yield 6%. (a) Your answer is correct. Show the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation (b1) Cash Notes Payable eTextbook and Media List of Accounts Your Answer Correct Answer (Used) Determine the face value of the bonds. Face value of the bonds $ 45,000,000 Debit Credit 54,652,500 54,652,500 Attempts: 1 of 3 used (c) -Your answer is partially correct. Show the journal entries to record the first two semi-annual interest payments on these bonds. Ignore year-end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 125. List all debit entries before credit entries.) Account Titles and Explanation Interest Expense Notes Payable Cash (Interest entry for the first interest payment) Interest Expense Notes Payable Cash (Interest entry for the second interest payment) Debit 1,639,575 1,890,000 1,582,875 1,890,000 Credit 3,529,575 3,472,875