On January 1, Quizmo, Corp. Issues 8%, 20-year bonds payable with a maturity value of $100,000. The bonds sell at 98 and pay interest on January 1 and July 1. Quizmo, Corp. amortizes any bond discount or premium by the straight-line method. Record
(a) The issuance of the bonds on January 1,
(b) The semiannual interest payment and amortization of any bond discount or premium on July 1.