On January 1, 2020, Bramble Corporation issued $650,000 of 9% bonds, due in 10 years. The bonds were issued for $694,171, and pay interest each July 1 and January 1. The effective-interest rate is 8%. 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. Bramble uses the effective-interest method. (Round intermediate calculations to 6 decimal places, eg: 1.251247 and final answer to decimal places, es, 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Cash Debit 694,171 Jan. 1.2020 44171 Discount on Bonds Payable 650000 Bonds Payable 30417 July 1, 2020 Interest Expense 4417 Discount on Bonds Payable 26000 Cash Dec 31, 2020 Interest Expense Discount on Bonds Payable 26000 Interest Payable e Textbook and Media