Prepare all necessary journal entries for each of the following dates related to The Last Resort, Ltd.'s bond issue.

March 1

Issued $2,000,000 face value, 8% bonds for $2,274,000, including accrued interest. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from this past December 1 (i.e., December 1 of last year). The bonds are callable at 102.

June 1

Paid semiannual interest on bonds issued on March 1. (Use straight-line amortization of any premium or discount.)

December 1

Paid semiannual interest on bonds and purchased $1,000,000 face value bonds at the call price.