Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 7.0% Interest rate and are sold at 113.05 to yield 5.5%. They pay interest semi-annually. Calculate the proceeds on issuance of the bonds, and show the journal entry to record the issuance. (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 entar O for the amounts.) Proceeds on Issuance of the Bonds $ Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Will the carrying value of the liability for these bonds Increase over time, or decrease? The carrying value of the liability for these bonds will over time e Textbook and Media List of Accounts List of Accounts Show the journal entries to record the first two interest payments on these bondelpore year end caso interest Credit accounttiles are automatically Indented when amount is entered. Doner inden man entry outlet "No Entry for the countries and for the amounts Round answers to decimal places 125) Accountities and Explanation Delt Credit (o record for West payment) (50 record second interest payment)