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please answer nterest Payments and interest Expense for Bonds (Straight...

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Accounting

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nterest Payments and interest Expense for Bonds (Straight Line) On January 1, Harrington Corporation sold $102,000 of 15 -yesr, 11 bonds. The bonds sold for 595,000 and pay interest semiannually on June 30 and December 31. Required: 1. Prepare the journal entry to record the saie of the boeds-if an amount box does not require an entry, leave is blank: 2. Caiculate the amount of the semiannual interest payment. Round your answer to the nearest whole dollar and use the same in subsequent calculations. 3. Prepare the entry for the fiest interest payment on June 30 to recognize the payment of interest and interest expense. If an amount box does not requirt an entry. leave it blank. 4. Calculate the annual interest expense for the first veac

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