Fong Corporation sold $$2,000,000,7\%,5-$year bonds on January $1,2024.$ The bonds were dated January $1,2024,$ and pay interest each January $1.$ Fong Corporation uses the straight$-$line method to amortize bond premium or discount.

a$)$ Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for $2024,$ assuming that the bonds sold at $102.$

b$)$ Prepare journal entries as in part $($a$)$ assuming that the bonds sold at $97.$