The Colson Company issued $300,000 of 10% bonds on January 1, 2030. The bonds are due January 1, 2035, with interest payable each July 1 and January 1. The bonds were issued at 98.

Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization semiannually. (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

No.	Date	Account titles and explanation	Debit	credit
a	Jan. 1	Cash	?	?
		?	?	?
		?	?	?
b	July 1	Interest expense	?	?
		Cash	?	?
		?	?	?
c	Dec. 31	Interest expense	?	?
		Interest payable	?	?
		?	?	?