On June 30, 2009, Arlington Company issued $1,500,000 of 10-year, 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions:
Arlington Company:
(1) Issuance of bonds.
(2) Payment of first semiannual interest on December 31, 2009.
(3) Amortization by straight-line method of bond premium on December 31, 2009.