Issuing bonds at face amount OBJ. 3 On January 1, the first day of the fiscal year, a company issues a $800,000, 4%, 10-year bond that pays semiannual interest of $16,000 ($800,000 3 4% 3 ½ year), receiving cash of $800,000. Journalize the entries to record

(a) the issuance of the bonds,

(b) the first interest payment on June 30, and

(c) the payment of the principal on the maturity date.