Rockwell Corporation issued $$2$ million of $5-$year, $3\%$ bonds dated January $1,2024,$ at $100.$ Interest is payable semi$-$annually on January $1$ and July $1.$ Rockwell has a December $31$ year end.

Prepare the journal entry to record the sale of these bonds on January $1,2024.$

Prepare the journal entry to record the first interest payment on July $1,2024.$

Prepare the adjusting journal entry on December $31,2024,$ to accrue the interest expense.

Prepare entry for bonds issued at a discount.