Question:

Central College is about to issue $1 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi-annually.

Instructions

Record the issue of these bonds if the market interest rate is (a) 5%, (b) 6%, and (c) 7%.

I think I credit cash and debit Bonds payable. I don't know what amount to enter
Can someone help please? Very confused, so badly