worthington company issued $1000000 face valuesix year 10% bonds on July 12012 w

worthington company issued $1000000 face valuesix year 10% bonds on July 12012 when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthington uses a calendar year end.1) prepare a jouranal entry torecored the issurance of the bonds on July12012.2) Prepare the adjusting journal entry on December 312012 to accure interest expense.3) Prepare the journal entry to record the interest payment on January 120134) Calculate the amount of cash that will be paid for the retirement of the bonds on the maturity date.