Exercise 9-51 (Algorithmic) Interest Payments and Interest Expense for Bonds (Straight Line) Klamath Manufacturing sold 20-year bonds with a total face amount of $365,000 and a stated rate of 7.5 percent. The bonds sold for $389,000 on December 31, 2011, and pay interest semiannually on June 30 and December 31. 1. Prepare the entry to recognize the sale of the bonds. If an amount box does not require an entry, leave it blank. 2011 Dec. 31 Cash Bonds Payable Premium on Bonds Payable Record issuance of bonds at premium Show All Feedback 2. Determine the amount of the semiannual interest payment required by the bonds. Round your answer to the nearest whole dollar, if required. Show All Feedback 3. Prepare the journal entry made by Klamath at June 30, 2012, to recognize the interest expense and an interest payment. Round your answer to the nearest whole dollar, if required. If an amount box does not require an entry, leave it blank. 2012 June 30 interest Expense El Premium on Bonds Payable - Cash Record interest expense 4. Determine the amount of interest expense for 2012 AD