Issued $3,000,000 face value, 8% bond for $3,270,600. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from this past December 1. The market effective interest rate is 6%   

A. Prepare the journal entry for the initial issue of bonds   

B. Prepare the first interest payment using the effective interest method.

C. Prepare the second interest payment using the effective interest method.