On March 1, 2020, VRC Company issues a bond with a face value of $1,900,000. The bond is a 10-year 5% bond. The market rate of interest is 7% Because the market rate is higher than the bond rate, the bonds issue at a discount. The bond quote is: 85.79. The bonds pay interest semiannually. Interest dates are March 1 and September 1. The company's fiscal year end is December 31. The company's accountant uses the information above and produces the following effective interest table Semi-annual Interest interest Payment Period B Interest Expense C Discount Amortization (B-A) D Discount Account Balance (D-C) Bond ($ -D) Discount) 01-Mar-20 01-Sep-20 01-Mar-21 01-Sep-21 47,500 47,500 47,500 57 049 57,383 57.729 9,549 9,883 10,229 270,036 1,629,964 260,487 1,639,513 250.604 1,649,396 240,375 1.659,625 Required: a.) Record the journal entry for the issuance of the bond. (March 1, 2020) b.) Record the journal entry for the first interest payment. (September 1, 2020) c.) Record the year-end adjusting journal entry. (December 31, 2020) d.) Record the journal entry for the second interest payment. (March 1, 2021)