On 12/31/20, Burns Co. issues a $200,000 6-year bond at a price of 103 that pays interest annually at 8%. On 1/1/23, Burns buys the bonds back at a price of 101. Record the necessary journal entries on 12/31/20 when we issued the bond, on 12/31/21 when we made the first annual payment, on 12/31/22 when we made the second annual payment and on 1/1/23 when we redeemed the bonds.