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. Be sure to clearly indicate what accounts/amounts are debited and what accounts/amounts are credited.

(a)	Issuance of the bonds.
(b)	Semiannual interest payment (record as separate entry from discount amortization).
(c)	Semiannual amortization of bond discount (using the straight-line method of amortization).