Aloha Company issued a $1,000,000 bond on January 1, 2025. The bond had an 8% stated rate, pays interest annually on December 31, and sold for $937,545 at a time when the market rate of interest was 10%. Aloha uses the effective-interest method to account for its bonds. Prepare the necessary journal entry for each of the following dates (assuming that no adjusting journal entries have been made during the year): January 1, 2025 December 31, 2025 December 31, 2026