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The Skysong Company issued $390,000$ of $11\%$ bonds on January $1,2022.$ The bonds are due January $1,2027,$ with interest payable each July $1$ and January $1.$ The bonds were issued at $107\mathrm{.}91$ to yield $9\%.$

Prepare the journal entries for $($a$)$ January $1,($b$)$ July $1,$ and $($c$)$ December $31.($Round answers to $0$ decimal places, e g$.5,125.$ 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 amount is entered. Do not indent manually.$)$

Io$.$

Date

Account Titles and Explanation

Debit

Crec

$\sqrt[\phantom{2}]{420849}$

Bonds Payable

$)$

Interest Expense

Bonds Payable

Cash

$=>$

Interest Expense

Bonds Payable

Interest Payable

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