On January 1, 2023, JohnJacob. issued $1,000,000, 7% bonds due in 15 years with interest payable semiannual on June 30 and December 31. 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 above created amortization table, record the interest payments on June 30, 2023, and December 31, 2023.