On January 31, Doherty Logistics, Inc., issued five-year, 7% bonds payable with a face value of $8,000,000. The bonds were issued at 96 and pay interest on January 31 and July 31. Doherty Logistics, Inc., amortizes bond discounts and premiums by the straight-line method. Is this bond selling at a discount or a premium? Do the journal entries to record: (a) issuance of the bonds on January 31 (b) the semiannual interest payment and amortization of bond discount on July 31 (c) the interest accrual and discount amortization on December 31.