On the first day of the current fiscal year, $$1,500,000$ of $10-$year, $8\%$ bonds, with interest payable semiannually, were issued for $$1,225,000.$ Journalize 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.

b$.$ First semiannual interest payment $($record as separate entry from discount amortization$).$ If an amount box does not require an entry, leave it blank.

c$.$ Amortization of bond discount for the year, using the straight$-$line method of amortization. If an amount box does not require an entry, leave it blank.

Discount on Bonds Payable