Instructions On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interest payable semiannually. Orange Inc. purchased the bonds on the issue date for the issue price. Prepare entries to record the following transactions for the current fiscal year. Required: (a) Issuance of the bonds.* (b) Second semiannual interest payment.* (c) Amortization of bond discount/premium, using the straight-line method of amortization, on July 1.* *Refer to the Chart of Accounts for exact wording of account titles. Issuance of the bonds on January 1. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DESCRIPTION DATE POST. REF. DEBIT CREDIT 1 2 3 Second semiannual interest payment on December 31. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 1 2 Amortization of bond discount/premium, using the straight-line method of amortization, on July 1. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DESCRIPTION POST. REF DATE DEBIT CREDIT 1 2