Cullumber Corporation issued $4.4 million of 5-year, 7% bonds dated January 1, 2021, at 100. Interest is payable semi-annually on January 1 and July 1. Cullumber has a December 31 year end. Prepare the journal entry to record the sale of these bonds on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record issuance of bonds) Prepare the journal entry to record the first interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation July 1 (To record interest payment) Prepare the adjusting journal entry on December 31, 2021. to accrue the interest expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Dec. 31 (To accrue interest expense.)