On January 1, Boston Enterprises issues bonds that have a $2,200,000 par value, mature in 20...

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On January 1, Boston Enterprises issues bonds that have a $2,200,000 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 the issuer pay (in cash) to the bondholders every six months? 2. 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. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. View transaction list Journal entry worksheet epare journal entries to record (a) the issuance of bonds on Janua terest payment on December 31. View transaction list Journal entry worksheet @ 2 1 Record the issue of bonds at par on January 1. Note: Enter debits before credits W Date January 01 Cash #3 с 3 E $ 4 General Journal D 2064 R 67 5⁰ % 5 Prev T Debit 6 1 Search or type UP ♫ Complete this question by entering your answers in Required 1 Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds o interest payment on December 31. View transaction list Journal entry worksheet < 2 Record the interest payment on June 30. Date June 30 3 Note: Enter debits before credits. с General Journal 2004 FEB 17 Prev Search o pare journal entries to record (a) the issuance of bonds on Janu erest payment on December 31. View transaction list Journal entry worksheet 2 < 1 2 Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 W MB #3 E $ S4 General Journal D 2064 R < Prev % 5 FER G Search or type L T Debit < 6 6 canvas 14 Question 9-Proct.... Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are View transaction list Journal entry worksheet < 1 2 Record the issue of bonds at 96. Note: Enter debits before credits. Date January 01 General Journal 2,064 FER Prev Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued View transaction list Journal entry worksheet < 1 Record the issue of bonds at 104. Note: Enter debits before credits. Date January 01 General Journal 2,064 < Prev PER 3 17 Debit On January 1, Boston Enterprises issues bonds that have a $2,200,000 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 the issuer pay (in cash) to the bondholders every six months? 2. 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. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. View transaction list Journal entry worksheet epare journal entries to record (a) the issuance of bonds on Janua terest payment on December 31. View transaction list Journal entry worksheet @ 2 1 Record the issue of bonds at par on January 1. Note: Enter debits before credits W Date January 01 Cash #3 с 3 E $ 4 General Journal D 2064 R 67 5⁰ % 5 Prev T Debit 6 1 Search or type UP ♫ Complete this question by entering your answers in Required 1 Required 2 Required 3 Prepare journal entries to record (a) the issuance of bonds o interest payment on December 31. View transaction list Journal entry worksheet < 2 Record the interest payment on June 30. Date June 30 3 Note: Enter debits before credits. с General Journal 2004 FEB 17 Prev Search o pare journal entries to record (a) the issuance of bonds on Janu erest payment on December 31. View transaction list Journal entry worksheet 2 < 1 2 Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 W MB #3 E $ S4 General Journal D 2064 R < Prev % 5 FER G Search or type L T Debit < 6 6 canvas 14 Question 9-Proct.... Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are View transaction list Journal entry worksheet < 1 2 Record the issue of bonds at 96. Note: Enter debits before credits. Date January 01 General Journal 2,064 FER Prev Required 1 Required 2 Required 3 Prepare the journal entry for issuance assuming the bonds are issued View transaction list Journal entry worksheet < 1 Record the issue of bonds at 104. Note: Enter debits before credits. Date January 01 General Journal 2,064 < Prev PER 3 17 Debit

Answer rating: 100% (QA)

Based on the provided information lets address each part of the question 1 The bond pays 9 annual interest on a 2200000 par value Since interest is pa... View the full answer