Select the phrase that best fits each term of the description A through H. Answer is complete but not entirely correct. Description Items A. Records and tracks the bondholders' names. B. Pledges specific assets of the issuer as collateral. Registered bond Secured bond Secured bond Secured bond loc w u Occurs when the contract rate is less than the market rate. Equals par value minus any unamortized discount or plus any unamortized premium. Has varying maturity dates for amounts owed. The legal contract between the issuer and the bondholders. Issuer may retire it at a stated dollar amount before maturity. Serial bond Bond indenture G. H. Secured bond Secured bond Amount by which the bond price exceeds par value. Exercise 10-2 Recording bond issuance at par, interest payments, and bond maturity LO P1 Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $1,700,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for the maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). On January 1, Boston Enterprises issues bonds that have a $1,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest will Boston pay (in cash) to the bondholders every six months? Par (maturity) Value Semiannual Rate Semiannual Cash Interest Payment Required 1 Required 2 > Select the phrase that best fits each term of the description A through H. Answer is complete but not entirely correct. Description Items A. Records and tracks the bondholders' names. B. Pledges specific assets of the issuer as collateral. Registered bond Secured bond Secured bond Secured bond loc w u Occurs when the contract rate is less than the market rate. Equals par value minus any unamortized discount or plus any unamortized premium. Has varying maturity dates for amounts owed. The legal contract between the issuer and the bondholders. Issuer may retire it at a stated dollar amount before maturity. Serial bond Bond indenture G. H. Secured bond Secured bond Amount by which the bond price exceeds par value. Exercise 10-2 Recording bond issuance at par, interest payments, and bond maturity LO P1 Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $1,700,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment. 3. Record the entry for the maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). On January 1, Boston Enterprises issues bonds that have a $1,200,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest will Boston pay (in cash) to the bondholders every six months? Par (maturity) Value Semiannual Rate Semiannual Cash Interest Payment Required 1 Required 2 >