View Policies Current Attempt in Progress Sawada Insurance Ltd. issues bonds with a face value of $100 million that mature in 12 years. The bonds carry a 6.9% interest rate and are sold at 112.18 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 enter for the amounts.) Proceeds on Issuance of the Bonds $ Account Titles and Explanation Debit Credit e Textbook and Media Question 2 of 3 -/ 100 III e Textbook and Media List of Accounts Question Part Score -/40 Will the carryine value of the ability for these bonds increase over time, or decrease? The carryine value of the ability for these bonds will over time eTextbook and Media List of Accounts --/10 Question Part Score lennandam also interest.Credit Question 2 of 3 -/100 Question Part Score 10 Show the journal entries to record the first two interest payments on these bonds.grvore 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 for the amounts. Round answers to decimal placeses 125) Account Titles and Explanation Debit Credit (To record first interest payment) (To record second interest payment)