The Phillips Corporation issued 10-year, 10% Php 1,000,000 bonds on January 1, 2016. The bonds pay interest every June 30 and December 31. The bonds were issued for Phillips Corporation uses straight-line amortization for any discount or premium amortization Prepare entries to: issue the bonds on January 1 2016 make the first interest payment and amortize the premium or discount Please show a partial Balance Sheet showing all these transactions