Problem:

Staunch Machinery sold $2,000,000, 10%, 15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest on January 1 each year. The bonds were sold at 97.

Instructions

a. Prepare the journal entry to record the issuance of the bonds on January 1, 2022.

b. On January 1, 2024, when the carrying value of the bonds was $1,948,000, the company redeemed the bonds at 106. Record the redemption of the bonds assuming that interest for the period has already been paid and recorded.

pls help me