Question 10 of 10 View Policies Current Attempt in Progress -/1 E On January 1, 2020, Flint Corporation issued $612,000 of 6% bonds that are due in 11 years. The bonds were issued for $485,459 and pay interest each July 1 and January 1. The company uses the effective interest method. Assume an effective rate of 9%. Prepare the company's journal entry for the January 1 issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 eTextbook and Media List of Accounts Debit Credit Prepare the company's journal entry for the July 1 interest payment. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1 eTextbook and Media List of Accounts Debit Credit Prepare the company's December 31 adjusting entry. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31