On January 1, Renewable Energy issues bonds that have a $34,000 par value, mature in ten years, and pay 17% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 103%. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry for issuance assuming the bonds are issued at (a) 99 and (b) 103. No 1 Date January 01 Cash General Journal Discount on bonds payable 2 January 01 Cash Premium on bonds payable Bonds payable < Required 1 Required 2 > Debit Credit 33,660 340 35,190 1.190 34,000