At the beginning of the current fiscal year a

company issued $$100$ million of $5-$yr bonds with a $7\%$ stated rate, with interest payable on

June $1$ and dec $1.$ Assume, at the time of issuance, the current yield

equaled $8$ percent. Prepare the journal entries for $($a$)$ the issuance, $($b$)$ the first

interest payment, and $($c$)$ the adjusting journal entry for the second interest payment. using the effective interest methods with pv tables