On January $1,2024,$ Rodriguez Window and Pane issued $$18\mathrm{.}5$ million of $10-$year, zero$-$coupon bonds for $$6,515,413.$

Required:

$2.$ Determine the effective rate of interest.

$1.$ & $3.$ to $5.$ Prepare the necessary journal entries.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$