On March 31 of the current year, Ester Corporation sold at par plus accrued interest \(\$ 2\) million of its \(9.8 \%\) bonds. The bonds were dated January 1 of the current year, with interest payable on each July 1 and January 1.

(a) Give the entry to record the sale.

(b) Give the entry to record the first interest payment. Answer these questions:

(c) How many months' interest were accrued on these bonds when they were sold?

(d) How many months' interest were paid on July 1?

(e) How many months' interest did the bondholders earn during the first interest period?