The Teal Company issued $370,000 of 7% 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 101. 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.) Date Account Titles and Explanation Debit Credit 1,2020 Cash Bonds Payable Premium on Bonds Payable y 1, 2020 Interest Expense Premium on Bonds Payable Cash c. 31,2020 Interest Expense Premium on Bonds Payable Interest Payable MacBook Air 373700 12950 370 12950 370 370000 3700 13320 13320