On March 31, 2020, Adtech Inc. issued $1,000,000, 7%, 10-year bonds. The bonds pay interest semi-annually, on September 30 and March 31. The first interest payment is on September 30, 2020. The proceeds of the bond issuance are $813,067. The issuance price implies an effective Interest rate of 10%. Bond issue costs are $20,000, which are amortized using the straight-line method. Adtech's fiscal year-end is on December 31. 1. Prepare all necessary journal entries in relation to these bonds between March 30, 2020 and April 1, 2021. Make sure you indent your credits, and clearly mark the date for each journal entry. 2. What is the amount of the liability that Adtech has to the bondholders on September 30, 2021, after the interest payment on that date