On January $1,2020,$ Splish Company sold $12\%$ bonds having a maturity value of $$600,000$ for $$645,489,$ which provides the bondholders with a $10\%$ yield. The bonds are dated January $1,2020,$ and mature January $1,2025,$ with interest payable December $31$ of each year. Splish Company allocates interest and unamortized discount or premium on the effective$-$interest basis.

$($a$)$

Prepare the journal entry at the date of the bond issuance. $($Round answer to $0$ decimal places, e$.$g$.38,548.$ 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.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation$],[$January$,],[1,2020,]]$