On January 1, 2016, the first day of the fiscal year, a company issues a $300,000, 4%, 10-year bond that pays semiannual interest of $6,000 ($300,000 x 4% x year), receiving cash of $300,000. Journalize the entries to record (a) the issuance of the bonds, (b) the first interest payment on June 30, and (c) the payment of the principal on the maturity date December 31. Be sure to include the year in the date for (a) and (c). Refer to the Chart of Accounts for exact wording of account titles.