On January $1,2025,$ Concord Corporation issued $$540,000$ of $7\%$ bonds, due in $10$ years. The bonds were issued for $$580,171,$ and pay interest each July $1$ and January $1.$ The effective$-$interest rate is $6\%.$

Prepare the company's journal entries for $($a$)$ the January $1$ issuance, $($b$)$ the July $1$ interest payment, and $($c$)$ the December $31$ adjusting entry. Concord uses the effective$-$interest method. $($Round answers 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

No$.$

Date

Account Titles and Explanation

Debit

Cred

$($a$)$

$$

$$

$$

$$

$($b$)$

$$

$($c$)$

$$