Hello, I'm having a hard time solving these problems because I have no idea on what to do with accrued interest. Help is highly appreciated!

On March 1, 2015, Bowan Corporation issued 6% bonds dated February 1, 2015, the face amount of $700,000. The bonds were sold for the present value of the bonds on March 1, 2015 plus one-month accrued interest. The bonds mature on January 31, 2018. Interest is paid semiannually on July 31 and January 31. Bowan's fiscal year ends on December 31 each year. The effective interest rate is 8%. Show calculations.

a. Determine the present value the bonds on March 1, 2015 and the amount of accrued interest that was included in the proceeds received from the bond sale.

b. Prepare the journal entry for the issuance of the bonds on March 1, 2015.

c. Prepare the journal entry for the interest payment on July 31, 2015.