CPA Hotels Inc. runs a national chain of hotels, serving CPAs traveling for accounting conferences around the country. The company is in need of additional funding to expand its mini-bar selection, because market research shows that CPAs love to party. After weighing its options, the company has decided to issue bonds. The company issued $300,000 of 10% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 103. Assume the company records straight-line amortization semiannually. Prepare the journal entries for: (a) the January issuance (b) the July 1 interest payment (c) the December 31 adjusting entry