On January $1,2017,$ British Software Ltd$.$ issued $$452,000$ of $20-$year, $9\mathrm{.}00\%$ bonds that pay interest semiannually on June $30$ and December $31.$ The bonds were sold to investors at their par value.

a$.$ How much interest will British pay to the holders of these bonds every six months? $($Round the final answer to the nearest whole dollar.$)$

Amount of interes

b$.$ Prepare the journal entries that British would make to record: $(1)$ the issuance of the bonds on January $1,2017$; $(2)$ the first interest payment on June $30,2017$; and $(3)$ the second interest payment on December $31,2017.($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

Journal entry worksheet

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$2$

$3$

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Record the sale of bonds at par.

Record the sale of bonds at par

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2017,,,],[,,,],[,,,],[,,,],[,,,]]$

$$ Clear entry

b$.$ Prepare the journal entries that British would make to record: $(1)$ the issuance of the bonds on January $1,2017$; $(2)$ the first interest payment on June $30,2017$; and $(3)$ the second interest payment on December $31,2017.($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

$$

Journal entry worksheet

$$

Record the payment of semi$-$annual interest on bonds.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Dobit,Credit$],[$June $30,2017,,,],[,,,],[,,,],[,,,],[,,,]]$

b$.$ Prepare the journal entries that British would make to record: $(1)$ the issuance of the bonds on January $1,2017$; $(2)$ the first interest payment on June $30,2017$; and $(3)$ the second interest payment on December $31,2017.($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

$$

Journal entry worksheet

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$\backslash$table

Record the payment of semi$-$annual interest on bonds.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,2017,,,],[,,,],[,,,],[,,,],[,,,]]$