On June $1,2019,$ Jefferson Controls, Inc. issued $$12,000,000$ of $10$ percent bonds to

yield $12$ percent. Interest is payable semiannually on May $31$ and November $30.$ The

bonds mature in $15$ years. Jefferson Controls, Inc. is a calendar$-$year corporation.

$(1)$ Determine the issue price of the bonds. Show computations.

$(2)$ Prepare an amortization table through the first two interest periods using the

effective$-$interest method.

$(3)$ Prepare the journal entries to record bond$-$related transactions as of the

following dates:

$($a$)$ June $1,2019$

$($b$)$ November $30,2019$

$($c$)$ December $31,2019$

$($d$)$ May $31,2020$