Snap Company issues 12%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments.

Semiannual Period-End Unamortized Discount Carrying Value

(0) January 1, issuance $ 7,600 $ 112,400

(1) June 30, first payment 6,840 113,160

(2) December 31, second payment 6,080 113,920

Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31.