Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1. (a)

Question:

Nasreen Company issues $2 million, 10-year, 8% bonds at 97, with interest payable each January 1.
(a) Prepare the journal entry to record the sale of these bonds on January 1, 2019.
(b) Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2019.