Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a $600,000, 10%, 10-year bond that pays semiannual interest of $30,000 ($600,000 x 10% 1/2 year), receiving cash of $600,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date