Indigo Corporation sold $$3,100,000,8\%,5-$year bonds on January $1,2025.$ The bonds were dated January $1,2025,$ and pay interest on

January $1.$ Indigo Corporation uses the straight$-$line method to amortize bond premium or discount.

Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for $2025,$ assuming that

the bonds sold at $106.($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

Cash

Bonds Payable

Bonds Payable

Premium on Bonds Payable

Premium on Bonds Payable