Brussels Enterprises issues bonds at par dated January $1,2021,$ that have a $$3,400,000$ par value, mature in four years, and pay $9\%$ interest semiannually on June $30$ and December $31.$

Record the entry for the issuance of bonds for cash on January $1.$

Record the entry for the first semiannual interest payment and the second semiannual interest payment.

Record the entry for the maturity of the bonds on December $31,2024($assume semiannual interest is already recorded$).$

On January $1,$ Boston Enterprises issues bonds that have a $$3,400,000$ par value, mature in $20$ years, and pay $9\%$ interest semiannually on June $30$ and December $31.$ The bonds are sold at par.

How much interest will the issuer pay $($in cash$)$ to the bondholders every six months?

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 $31.$

Prepare the journal entry for issuance assuming the bonds are issued at $(a)98$ and $(b)102.$

Tano Company issues bonds with a par value of $$180,000$ on January $1,2021.$ The bonds' annual contract years. The annual market rate at the date of issuance is $10\%,$ and the bonds are sold for $$170,862.$

What is the amount of the discount on these bonds at issuance?

How much total bond interest expense will be recognized over the life of these bonds?

Prepare a straight$-$line amortization table like Exhibit $14\mathrm{.}7$ for these bonds.

Exercise $14-2$

Recording bond issuance at par, interest payments, and bond maturity

P$1$

Exercise $14-3$

Recording bond issuance and interest

P$1$

Exercise $14-4$

Straight$-$Line: Amortization of bond discount

P$2$