On January 1, 2025, Metlock Corporation issued $460,000 of 7% bonds, due in 10 years. The bonds were issued for $494,220, and pay interest each July 1 and January 1. The effective-interest rate is 6%. 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. Metlock uses the effective-interest method. (Round answers to O decimal places, e.g. 38,548. 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Date Jan. 1, 2025 Cash Discount on Bonds Payable Bonds Payable July 1, 2025 Interest Expense Cash Discount on Bonds Payable Dec. 31, 2025 Interest Expense Interest Payable Discount on Bonds Payable Debit 494220 34220 Credit 4600