On January 1, 2021, Coronado Corp. issued five-year bonds with a face value of $350,000 and a coupon interest rate of 6%, with interest payable semi-annually. Assume that the company has a December 31 year end and records adjusting entries annually. Click here to view factor tables.

(a)

Record the journal entries relating to the bonds on January 1, July 1, and December 31, assuming that when the bonds were sold, the market interest rate was 5%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1 or July 1 or Dec. 31	enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 1	enter a debit amount	enter a credit amount
Jan. 1 or July 1 or Dec. 31	enter an account title for the journal entry on July 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on July 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on July 1	enter a debit amount	enter a credit amount
Jan. 1 or July 1 or Dec. 31	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount