Homework Chapter 10 Saved Help Save &Exit Submit Check my work 2 Exercise 10-1 Recording bond issuance and interest LO P1 10 points On January 1, 2017, Boston Enterprises issues bonds that have a $1,950,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. 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 (a) the issuance of bonds on January 1, 2017; (b) the first interest payment on June 30, 2017; and (c) the second interest payment on December 31, 2017 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 97 and (b) 103 eBook Hint Complete this question by entering your answers in the tabs below Print Required1 Required 2 Required 3 How much interest will Boston pay (in cash) to the bondholders every six months? Par (maturity) Value References Semiannual Cash Semian nnual Rate Required 2> Mc Graw KPrex2 of 3 Next