On January 1, Sunland Company issued $658,000, 14%, 10-year bonds at par. Interest is payable semiannually on July 1 and January 1.

Prepare the journal entries to record the following. (List all debit entries before credit entries. 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.) (1) The issuance of the bonds. (2) The payment of interest on July 1, assuming that interest was not accrued on June 30. (3) The accrual of interest on December 31. No. Date Account Titles and Explanation Debit Credit Jan. (1) 1 ( (2) July 1 (3) Dec. 31