On Dec. 31, 2019, Manama Inc. issues callable bonds that have a $350,000 par value, mature in 10 years, and pay 6% interest semiannually on June 30 and December 31. The bonds are sold at $270,000. On Dec. 31, 2020, the company called on the bonds and paid $266,000 to outstanding bondholders. 

Required: Prepare journal entries to record: 

1. The bonds issuance on Dec. 31 2019. 

2. The semi-annual interest payment. 

3. The bonds retirement.