On August 1, 20x8, $1,000,000 worth of bonds with a stated interest rate of 8% were sold by Sintel Co. at par value on August 1, 20x8. Interest will be paid twice a year on January 31 and July 31. The company has a fiscal year end of December 31.

Required: Prepare the first three journal entries required for these bonds. (Round your answers 2 places to the right of the decimal.)