On May 1, 2013, Brussels Enterprises issues bonds dated January 1, 2013, that have a $3,700,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par plus four months accrued interest.

1) How much accrued interest do the bond purchasers pay Brussels on May 1, 2013? (Do not round intermediate calculations.)

2.	Prepare Brusselss journal entries for the following.

Record the issue of bonds with a par value of $3,700,000 cash plus four months accrued interest on May 1, 2013. (b) The first interest payment on June 30, 2013. Assume no reversing entries have been prepared. (Do not round intermediate calculations.)

Record the interest payment on June 30, 2013. (c) The second interest payment on December 31, 2013. Record the interest payment on December 31, 2013.