In the following two independent cases, the company closes its books on December $31$:

Sage Hill Inc. sells $$2\mathrm{.}01$ million of $8\%$ bonds on March $1,2023.$ The bonds pay interest on September $1$ and March $1.$ The bonds' due date is September $1,2026.$ The bonds yield $10\%.$

Click here to view the factor table PRESENT VALUE OF $1$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$

Prepare all of the relevant journal entries from the time of sale until the date indicated.

$($a$1)$