On January 1, 2017, a company issued 9.2%, 10-year bonds with a par value of $100,000. Intrest is paid semiannually. The market intrest rate on the issue date was 10% and the issuer recived $95,016 cash for the bonds. On the first seminannually intrest rate, what amount of cash should be paid to the holders of these bonds for interest? Prepare the entries to
A. Issue the bonds
B. Record the first intrest payment
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