The Teal Company issued $360,000 of 11% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 97. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Teal 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 amount is entered. Do not indent manually.) Account Titles and Explanation Date , 2020 Cash Debit Credit 349200 Bonds Payable Premium on Bonds Payable L, 2020 Interest Expense 20880 Premium on Bonds Payable 1080 Cash 31, 2020 Interest Expense 20880 Premium on Bonds Payable 1080 Interest Payable 360000 10800 19800 19800