Al Sharjah Company issued OMR 300,000 of 11% bonds on January 1, 2011. The bonds are due January 1, 2016, with interest payable each July 1 and January 1. The bonds are issued at face value.

Assume the bonds were issued at 108.11 to yield 8%. Prepare the journal entries for

a) January 1,

b) July 1, and

c) December 31.