The Presidio Company issues $$450,000$ in bonds, due in five years with $9$ percent interest payable annually on January $1.$ At the time of issue, the market rate for such bonds is $11$ percent.

$1]$ Calculate the Present Value of the bond.

$2]$ Record the journal entry on Presidio$$s books for issuance of the bonds on January $1$st$.$

$3]$ Record the journal on Presidio$$s books for accrual of interest on December $31$st