On January $1,$ the first day of the fiscal year, Designer Fabric Inc. issues a $$5,000,000,6\%,10-$year bond that pays semiannual interest of $$150,000($$$5,000,000\backslash$times $6\%\backslash$times $(1)/(2)$ year$),$ receiving cash of $$5,000,000.$

Question Content Area

a$.$ Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.

blankAccountDebitCredit

blank

Question Content Area

b$.$ Journalize the entry to record the first interest payment on June $30.$ If an amount box does not require an entry, leave it blank.

blankAccountDebitCredit

blank

Question Content Area

c$.$ Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.

blankAccountDebitCredit

blank