On the first day of the current fiscal year, $1,500,000 of 10-year, 8% bonds, with interest payable semiannually, were sold for $1,225,000. Present entries to record the following transactions for the current fiscal year:

a. Issuance of the bonds.

If an amount box does not require an entry, leave it blank or enter "0". b. First semiannual interest payment (record as separate entry from discount/premium amortization). c. Amortization of bond discount/premium, using the straight-line method of amortization, on July 1