Franklin Corporation issued $4,000,000 of 6% 20 year bonds on January 1^st. Interest is paid on January and July 1^st. . They were issued under three different situations. The first was at face value on January 1^st. The second was issued at 104 on January 1^st and the third was issued at 97 on January 1^st. Prepare two journal entries for each situation.