Prepare journal entries to record the following transactions related to long-term bonds of Forlond Corporation

1. On January 1, 2016, Forlond issued $500,000, 8% callable bonds. Interest is payable semi-annually on June 30 and December 31. The bonds mature on December 31, 2025. Forlond Corporation issued the bonds when the market rate of interest was 8.4%. Forlond paid its investment banker $28,000 to issue the bonds.
2. On June 30, 2016 Forlond recorded interest related to the bonds issued on January 1, 2016.
3. On December 31, 2016 Forlond recorded interest related to the bonds issued on January 1, 2016. The company uses the effective method of interest amortization. On this date the company also recognized bond issue amortization.