On January 1, 2020, Cheyenne Corporation issued $610,000 of 5% bonds, due in 10 years. The bonds were issued for $564,624, and pay interest each July 1 and January 1. Company maintains its records under IFRS. 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. Assume an effective-interest rate of 6%. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Jan. 1 Cash Bonds Payable July 1 Interest Expense Discount on Bonds Payable Cash Dec. 31 Interest Expense Discount on Bonds Payable Cash Debit 610000 28231 28880 Credit 610000 12981 15250 13630 15250