Presented below are two independent situations.

On January $1,2025,$ Simon Company issued $$200,000$ of $9\%,10-$year bonds at par. Interest is payable quarterly on April $1,$ July $1,$ October $1,$ and January $1.$

On Jane $1,2025,$ Garfunkel Company issued $$100,000$ of $12\%,10-$year bonds dated January $1$ at par plus accrued interest. Interest is payable semiannually on July $1$ and January $1.$

For each of these two independent situations, prepare journal entries to record the following. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ 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.$)$

a$.$ The issuance of the bonds.

b$.$ The payment of interest on July $1.$

c$.$ The accrual of interest on December $31.$