On January $1,2021,$ Darnell Window and Pane issued $$19\mathrm{.}0$ million of $10-$year, zero$-$coupon bonds for $$6,117,491.($ FV of $$1,PV$ of $$1,$FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

$2.$ Determine the effective rate of interest.

& $3.$ to $5.$ Prepare the necessary journal entries.

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Interest rate

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Journal

Prepare the necessary journal entries. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermedaite calculations and final answers to nearest whole dollar.$)$

$\backslash$table$[[$No$,$Date,Gene,,Debit,Credit$],[1,$January $01,2021,$Cash,$(,6,117,491,],[,$Discount on bonds payable,$0,12,882,509,],[,$Bonds payable,$(,,19,000,000$