Company A whose fiscal year is the calendar year :
2005
July 1.Issued $ 15,000,000 of 5 year, 14 % callable bonds dated July 1, 2005,at an effective rate of 12%, receiving cas of $16,104,095.Interest is payable semiannually on Dec. 31 and June 30.

Is this OK?
July 1 Cash 16,140,95 DT
Premium on Bond payable 1,104,095CT
Bonds Payable 15,000,000

July 1
Dr. Cash 16,104,095
Cr. Bonds 15,000,000
Cr. Premium on Bonds 1,104,095

You are correct but your numbers just got mixed up, answer by Captain Forest is more accurate. It's as simple as that since the issue date is the same as the date of the bond, no accrued interest is involved.