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Cullumber Corporation issued $$459,600$ of $7\%$ bonds on November $1,2025,$ for $$494,220.$ The bonds were dated November $1,2025,$ and mature in $10$ years, with interest payable each May $1$ and November $1.$ Cullumber uses the effective$-$interest method with an effective rate of $6\%.$

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Prepare Cullumber's December $31,2025,$ adjusting entry. $($Round intermediate calculations to $5$ decimal places, eg$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.38,548.$ 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$)$

Date Account Titles and Explanation

Debit

Credit

December $31,2025$

Cash

Discount on Bonds Payable

Bonds Payable

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