Current Attempt in Progress

Martinez Corp. issued $1,8008\%,8-$year, $$1,000$ bonds dated January $1,2025,$ at face value. Interest is paid each January $1.$

$($a$)$ Prepare the journal entry to record the sale of these bonds on January $1,2025.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$Jan$.1,2025,,,]]$

$($b$)$ Prepare the adjusting journal entry on December $31,2025,$ to record interest expense. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,2025$