BE$10\mathrm{.}10($LO $3),$ AP Clooney Corporation issued $3,0007\%,5-$year, $$1,00$o bonds dated January $1,2022,$ at face value. Interest is paid each January $1.$

a$.$ Prepare the journal entry to record the sale of these bonds on January $1,2022.$

b$.$ Prepare the adjusting journal entry on December $31,2022,$ to record interest expense.

c$.$ Prepare the journal entry on January $1,2023,$ to record interest paid.

Prepare entries for bonds sold at a discount and a premium.