Paulson Company issues four-year 8% bonds on January 1 of this year with a face value of $92,000 and semiannual interest payments.

Semester-End Period		discount not amortized			Value in books
(0)	January 1, broadcast	ps	6,573		ps	85,427
(1)	June 30, first payment		5,751			86,249
(2)	December 31, second payment		4,929			87,071

Use the straight-line bond amortization table above and prepare journal entries for the following.

(a) The bond issue on January 1.
(b) The first interest payment on June 30.
(c) The second interest payment on December 31.

1 Record the issue of bonds with a face value of $92,000 in cash on January 1.

2 Record the first interest payment on June 30.

3 Record the second interest payment on December 31.