3. On March 1, 2022, Richards Inc. issued a 10 year $300,000 Bond dated January 1, 2022. The Bonds have a stated interest rate of 8% payable semi-annually on June 30" and December 31st. Assume the Bonds were issued at PAR-no discount or premium. a) Prepare a journal entry on March 1, 2022 to record the receipt of cash on the date of issue. b) Prepare a journal entry on June 30th to record Interest Expense for the first payment period.