On February 1, Clayton Co. issued $1,300,000 of 20 year, 2% bonds for $1,225,000. Interest is payable semlarnually on February 1 and August 1. Present the entries to record the following transactions Required: a Issuance of the bonds. b. First semiannual interest payment (record as separate entry from discount amortization)." c. Using the straight-line method, compute the adjusting entry for the amortization of the bond discount premium through December 31." "Refer to the Chart of Accounts for exact wording of account billes. Round your answers to the nearest dollar amount. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. RER DERIT CREDIT ASSETS LARE MES Cash EQUITY 2 Discount on Bonds Payable Bonds Payable 3 b. First servannual interest payment record as separate entry from discount amortization) on August 1. Refer to the Chart of Accounts for exact wording of account ites. Round your answers to the nearest dollar amount PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RSE DEBIT CREDIT ASSETS UME EQUITY c. Using the straight-line method, compute the adjusting entry for the amortization of the bond discount premium through December 31. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to the nearest dolar amount. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIARRITIES EQUITY