On January 1, 2019, Cinderella Corp. issued a 5 year. 7%. $500,000 bond for 95. The bond will pay interest semi- annually July 1 and January 1). The market rate is 8%. The company uses the effective interest rate method. Required Prepare the necessary journal entries to record the sale of the bond, the interest expense for July 1 and the interest accrual for December 31. Explanations are not required. Do not combine the entries do each one separately (Hint 3 entries). Show in format below: FI DATE ACCOUNT DEBIT CREDIT