William Company issued $1,000,000, 6%, 5-year bonds on January 1, 2021, at 104. Interest is payable annually on January 1. William uses straight-line amortization for bond premium or discount. Instructions Prepare the journal entries to record the following events. (a) The issuance of the bonds. (b) The accrual of interest and the discount/premium amortization on December 31, 2021. (c) The payment of interest on January 1, 2022. (d) The redemption of the bonds one year before maturity at 102.