Please provide a detailed and explained answer.

On April 30, 2007 Hackman Corporation issued $1$1 million face value 12%12% bonds dated January 1, 2007, for $1,023,000$1,023,000 plus accrued interest. The bonds pay interest semiannually on June 30 and December 31 and are due December 31, 2014. The company uses the straight-line amortization method.

Record the issuance of the bonds and the first two interest payments.