On January $1,2020,$ Sarasota Corporation issued $$650,000,5\%,5-$year bonds dated January $1,2017,$ at $98.$ The bonds pay annual interest on January $1.$ The company uses the straight$-$line method of amortization and has a calendar year end.

Prepare all the journal entries that Sarasota Corporation would make related to this bond issue through January $1,2021.$ Be sure to indicate the date on which the entries would be made. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$