please explain each calculation!

28. On June 1, 2019, Everly Bottle Company sold $3,000,000 in long-term bonds for $2,631,300. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds are to be accounted for under the effective interest method Instructions (a) Prepare the journal for the issuance of the bond on June 1, 2019 (b) Prepare the journal entry for May 31, 202 (c) Prepare the journal entry for May 31, 2021