On January 1, 2015, Plank Corporation issued dollar 500, 000, 6 percentage, 5-year bonds for dollar 735, 110. The bonds were sold to yield an effective interest rate of 8 percentage. Interest is paid semiannually on June 30 and December 31. The company uses the effectively-interest method of amortization. Required: Prepared the journal entries that Plank Corporation would make on January 1, June 30 and December 31, 2015, related to the bond issue