This class is so hard I was able to complete the first and second the third one is where I am stuck at
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 12 Exercise 14-3 Recording bond issuance and interest LO P1 4,54 On January 1, Boston Enterprises Issues bonds that have a $2,100,000 per value, mature in 20 years, and pay 7% 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. Answer is not complete. 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 Semiannual Rate Semiannual Cash Interest Payment 2,100,000 3.5 73.500 Required 2 > Return to question 12 Exercise 14-3 Recording bond issuance and interest LO P1 4.54 points On January 1, Boston Enterprises issues bonds that have a $2,100,000 par value, mature in 20 years, and pay 7% 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. No General Journal Credit Date January 01 Debit 2.100.000 1 Cash Bonds payable 2,100,000 Return to question 12 Exercise 14-3 Recording bond issuance and interest LO P1 4.54 points On January 1, Boston Enterprises issues bonds that have a $2,100,000 par value, mature in 20 years, and pay 7% 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued at (a) 98 and (b) 102. No Date General Journal Debit Credit ( Required 2 Required )
