On January 1 , the first day of the fiscal year, Designer Fabric Inc. issues a $1,000,000,6%,10-year bond that pays scmiannual interest of $30,000($1,000,0006%% year ), receiving cash of $1,000,000. Journake 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 matunty date of December 31 an page 11. Refer to the Chart of Accounts for exact wording of account tities. December 3t an page it. Refer fo the Chart of Accounts for exact wording of account hides Hor doer viadise.mack