On July 1 Henry Corporation issued 10%, 10-year bonds with a face value of $300,000 for $236,310, because the current market rate is 14%. Record the following entries, assuming the interest method is used to amortize the discount on bonds. Round discount to the nearest dollar.
a. Issuance of bonds.
b. Semiannual interest payment on December 31 and amortization of discount.
c. Semiannual interest payment on June 30 and amortization of discount.