: Bond Issue Discount straight line method 1) Shawn issues 4 year semi annual bonds at with par value $120,000 10% annual contract rate for $111125 on December 31st 2015 What will be the total interest expense on the bonds (50 POINTS) Show the entry to record the sale of the bonds Show what the interest payments will be Show the final entry to pay off the bond Bond Issue Premium straight line method 2) Shawn issues 2 year semi annual bonds at with par value $120000 9% annual contract rate for $132516 on December 31st 2015 What will be the total interest expense on the bonds (50 POINTS) Show the entry to record the sale of the bonds Show what the interest payments will be