On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $550,000, 10%, 10-year bond that pays semiannual interest of $27,500 ($550,000 10% year), receiving cash of $550,000. 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