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On January $1,$ Boston Enterprises issues bonds that have a $$2,100,000$ par value, mature in $20$ years, and pay $77$s interest semiannualy on June $30$ and December $31.$ The bonds are sold at par.

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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 $($d$)$ the second interest payment on December $31.$

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

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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 $31.$

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