On January 1, 2014, FWP sells $2 million of 8% bonds at face value with interest to be paid at the end of each year. Prepare the journal entries on the following dates: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars not in millions.)

(a) January 1, 2014 (the initial bond sale).

(b) March 31, 2014 (the end of the first quarter).

(c) December 31, 2014 (the payment of interest at the end of the year; assume that the interest owed for each of the first three quarters has been properly accrued).