The Monty Company issued $330,000 of 9% bonds on January 1, 2025. The bonds are due...

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The Monty Company issued $330,000 of 9% bonds on January 1, 2025. The bonds are due January 1, 2030, with interest payable each July 1 and January 1. The bonds were issued at 99. Prepare the journal entries for (a) January 1. (b) July 1, and (c) December 31. Assume The Monty Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Debit Credit an. 1, 2025 Account Titles and Explanation. Cash Discount on Bonds Payable Bonds Payable ly 1, 2025 Interest Expense Discount on Bonds Payable Cash 32,670,000 330,000 33,000,000 The Monty Company issued $330,000 of 9% bonds on January 1, 2025. The bonds are due January 1, 2030, with interest payable each July 1 and January 1. The bonds were issued at 99. Prepare the journal entries for (a) January 1. (b) July 1, and (c) December 31. Assume The Monty Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Debit Credit an. 1, 2025 Account Titles and Explanation. Cash Discount on Bonds Payable Bonds Payable ly 1, 2025 Interest Expense Discount on Bonds Payable Cash 32,670,000 330,000 33,000,000