Blue Corporation issued $$408,000$ of $7\%$ bonds on May $1,2025.$ The bonds were dated January $1,2025,$ and mature January $1,2028,$

with interest payable July $1$ and January $1.$ The bonds were issued at face value plus accrued interest.

Prepare Blue's journal entries for $($a$)$ the May $1$ issuance, $($b$)$ the July $1$ interest payment, and $($c$)$ the December $31$ adjusting entry. $($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.$)$

No$.$

Date

$($a$)$

$($b$)$

$($c$)$

$($c$)$

Account Titles and Explanation

Debit

Cred