Please use t-accounts instead of journal entries

P10.11A (LO 3,4,6 ), AP On January 1, 2022, Opal Company issued $2,000,000 face value, 7%,10-year bonds at $2,147,202. This price resulted in a 6\% effective-interest rate on the bonds. Opal uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1. Prepare journal entries to record issuance of bonds, payment of interest, and effective-interest amortization, and balance sheet presentation. Instructions a. Prepare the journal entries to record the following transactions. 1. The issuance of the bonds on January 1,2022. 2. Accrual of interest and amortization of the premium on December 31,2022. 3. The payment of interest on January 1,2023. 4. Accrual of interest and amortization of the premium on December 31,2023 . b. Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2023 . c. Provide the answers to the following questions in narrative form. 1. What amount of interest expense is reported for 2023? 2. Would the bond interest expense reported in 2023 be the same as, greater than, or less than the amount that would be reported if the straight-line method of amortization were used