Frankum Corporation has issued three different bonds during 2024. Interest is payable annually on each of these bonds. Calculate the price of the bonds and prepare the journal entry to record each bond transaction at the date of issue.

 a. On January 1, 2024, Frankum issued 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2024, at face value. 

b. On July 1, Frankum issued $900,000 of 9%, 5-year bonds dated July 1, 2024, at 102. 

c. On September 1, Frankum issued $400,000 of 7%, 5-year bonds dated September 1, 2024, at 98