The Square Foot Grill, Inc. , issued $310,000 of 10-year, 7 percent bonds on July 1, 2016, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization a. Prepare the journal entries to record issuing the bonds and any necessary journal entries for 2016 and 2017. Post the journal entries to T-accounts. Prepare any necessary closing entries for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) c. What amount of interest expense will Square Foot report on the financial statements for 2016 and 2017