Wu Company sold ¥5,000,000, 8%, 20-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1 and July 1. Wu Company uses the straight-line method to amortize bond premium or discount. The bonds were sold at 97. Assume no interest is accrued on June 30.

Instructions
(a) Prepare the journal entry to record the issuance of the bonds on January 1, 2014.
(b) Prepare a bond discount amortization schedule for the first 4 interest periods.
(c) Prepare the journal entries for interest and the amortization of the discount in 2014 and 2015.
(d) Show the statement of financial position presentation of the bond liability at December 31, 2015.