Presented below are two independent situations.

On January $1,2025,$ Metlock Company issued $$360,000$ of $9\%,10-$year bonds at par. Interest is payable quarterly on April $1,$

July $1,$ October $1,$ and January $1.$

On June $1,2025,$ Bonita Company issued $$312,000$ 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 $31.$