The Monty Company issued $$230,000$ of $13\%$ bonds on January $1,2025.$ The bonds are due January $1,2030,$ with interest payable each July $1$ and January $1.$ The bonds were issued at $102.$

Prepare the joumal entries for $($a$)$ January $1,($b$)$ July $1,$ and $($c$)$ December $31.$ Assume The Monty Company records straight$-$line amortization semiannually. $($If no entry is required, select $"$No Entry" for the afcount titles and enter O for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually. Las all debit entries before credit entries.$)$

Date

$1\mathrm{.}2025$

Interest Expense

Premlum on Bands Prysble

exsh

$31.2025$

Account Titles and Explanation

Cash

Bonds Paysable

Premium on Bonds Paysibe

Interest Expense

Debit

$-234\mathrm{.}600$

Credit