Entries for issuing bonds and amortizing discount by straight$-$line methodOn the first day of its fiscal year, Chin Company issued $$15,000,000$ of $5-$year, $6\%$ bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market $($effective$)$ interest rate of $7\%,$ resulting in Chin receiving cash of $$14,376,255.$a$.$ Journalize the entries to record the following:$1.$ Issuance of the bonds$\mathrm{.}2.$ First semiannual interest payment. The bond discount is combined with the semiannual interest payment. $($Round your answer to the nearest dollar.$)3.$ Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. $($Round your answer to the nearest dollar.$)$If an amount box does not require an entry, leave it blank.