On January $1,2023,$ Paxton, Inc. issued $$1,000,000,7\%$ bonds due in $15$ years with interest

payable semiannually on June $30$ and December $31.$ At that time, the market interest rate

for bonds of similar risk and maturity was $6\%.$ The issue price of the bonds was $$1,098,002.$

Required:

a$.$ Record the issuance of the bonds for $$1,098,002$ on January $1,2023.$

b$.$ Prepare an amortization table through December $31,2023.$

c$.$ Using the amortization table, record the interest payments on June $30,2023,$ and

December $31,2023.$