On January $1,$ Boston Enterprises issues bonds that have a $$2,200,000$ par value, mature in $20$ years, and pay $9\%$ interest semiannually on June $30$ and December $31.$ The bonds are sold at par.

How much interest will the issuer pay $($in cash$)$ to the bondholders every six months?

Prepare journal entries to record

$($a$)$ the issuance of bonds on January $1,$

$($b$)$ the first interest payment on June $30,$ and

$($c$)$ the second interest payment on December $31.$

Prepare the journal entry for issuance assuming the bonds are issued at

$($a$)96$ and

$($b$)104.$