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1 Exercise 10-3 (Static) Recording bond issuance and Interest LO P1 On January 1, Boston Enterprises issues bonds that have a $3,400,000 pa vetrature in 20 years, and pay 9% interest semiannusly on June 30 and December 3 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 for the issuance of bonds on January to the first interest payment on June 30, and the second Interest payment on December 31 3. Prepare the joumal entry for Issuance assuming the bonds are issued at 98 and () 102. Complete this question by entering your answers in the tabs below. Required Here How much interest wioston pay in cash) to the bondholders every months? Par matut Value Damian Seminal Cash Rain Journal entry worksheet 1 points 2 3 > Record the issue of bonds at par on January 1. eBook Print References Note: Enter debits before credits General Journal Date January 01 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 1 points 1 2 3 Book Record the interest payment on June 30. PE References Note: Enter debits before credits. General Journal Date June 30 Debit Credit points 2 Book Record the interest payment on December 31 Print Rotorences Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear ents Viewoneral Journal Ch 1 1 1 2 Record the issue of bonds at 98 1 points Note: Enter debits before credits Book P General Journal Date January 01 Debit Credit Rotorences Record entry Clear entry View geral joumal Record the issue of bonds at 102. 1 Doints Note: Enter debits before credits book General Journal Debit Credit Data January 01 rences Racord entry Clear entry View general Journal

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