Issuing bonds at face amount

On January $1,$ the first day of the fiscal year, Designer Fabric Inc. issues a $$700,000,10\%,10-$year bond that pays semiannual interest of $$35,000$

year$),$ receiving cash of $$700,000.$

a$.$ Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.

b$.$ Journalize the entry to record the first interest payment on June $30.$ If an amount box does not require an entry, leave it blank.

c$.$ Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.