Instructions On February 1, Clayton Co. issued $1,300,000 of 20-year, 9% bonds for $1,225.000 Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions Required: (a) Issuance of the bonds (b) First semiannual interest payment (record as separate entry from discount/premium amortization) (c) Amortization of bond discount/premium, on July 1, using the straight-line method of amortization Refer to the Chart of Accounts for exact wording of account titles Round to the nearest dollar when necessany Issuance of the bonds on February 1. Refer to the Chart of Accounts for exact wording of account tides PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT First semiannual interest payment (record as separate entry from discount/premium amortization)) on August 1. Refer to the Chart of Accounts for exact wording of account titles. AGE 1 JOURNAL DESCRIPTION DEBIT DATE POST. REF CREDIT Amortization of bond discount/premium, on July 1, using the straight-tine method of amortization Refer to the Chart of Accounts for exact wording of account titles. Round to the nearest dollar when necessary PAGE 1 JOURNAL DEBIT DATE DESCRIPTION POST. REF CREDIT