On January 1, 2020. Pearl Corporation issued $550,000 of 7% bonds, due in 8 years. The bonds were issued for $517.958, and pay Interest each July 1 and January 1. Pearl uses the effective-interest method. 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 8%. (Round intermediate calculations to 6 decimal places, eg. 1.251247 and final answer to decimal places, eg. 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) Account Titles and Explanation Debit Credit Date L2020 Cash 517.955 Discount on Bonds Payable 32042 Bonds Payable 550.000 2020 Interest Expense Discount on bonds Payable Cash 19.250 1.2020 Interested VIVERRA Date Account Titles and Explanation Debit Credit L 2020 V Cash 517.958 Discount on Bonds Payable 32,042 Bonds Payable 550.000 2020 Interest Expense Discount on Bonds Payable Cash 19.250 1.2020 Interest Expense Discount on Bonds Payable Interest Payable