E$14-4($Entries for Bond Transactions$-$Straight$-$Line$)$ Foreman Co$.$ issued $$800,000$ of $10\%,20-$year bonds on January $1,2013,$ at $102.$ Interest is payable semiannually on July $1,$ and January $1.$ Foreman Co$.$ uses the straight$-$line method of amortization for bond premium or discount.

Instructions

Prepare the journal entries to record the following.

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and the related amortization on July $1,2013.$

$($c$)$ The accrual of interest and the related amortization on December $31,2013.$