The City of Fairfield issued $$100$ million of $20$year $(40$ semiannual periods$),6$ percent coupon bonds $(3$ percent per semiannual period$)$ for $$89\mathrm{.}322$ million. The price reflected a yield of $7$ percent $(3\mathrm{.}5$ percent period semiannual period$).$

$1.$Prepare entries to reflect how the following would be reported in the city's government$$wide statements:

a$.$The issuance of the bond

b$.$The first semiannual payment of interest

c$.$ The second semiannual payment of interest

$2.$ Prepare entries to account for the same transactions in an appropriate governmental fund.