On January 31, 2016, Durkin Logistics, Inc., issued five-year, 2% bonds payable with a face value of $11,000,000. The bonds were issued at 97 and pay interest on January 31 and July 31. Durkin Logistics, Inc., amortizes bond discount by the straight-line method. Requirement 1. Record (a) issuance of the bonds on January 31, 2016, (b) the semiannual interest payment and amortization of bond discount on July 31, 2016, and (c) the interest accrual and discount amortization on December 31, 2016. a. Record the issuance of the bond payable on January 31, 2016. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date Jan 31 | b. Record the payment of semiannual interest and amortization of bond discount on July 31, 2016. Journal Entry Accounts Debit Credit Date July 31 | c. Record the interest accrual and discount amortization on December 31, 2016. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date Date Dec 31