Your answer is partially correct. Try again. The Blue Company issued $250,000 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 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Blue Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 Cash 240000 No (a) 10000 Discount on Bonds Payu 250000 Bonds Payable 13500 12020 Interest Expense 250 Discount on Bonds Pavable 13750 Cash 13500 (c) Interest Expense 250 SPM Discount on Bords Payable No. Date Account Titles and Explanation Debit Credit (a) Jan. 1, 2020 Cash 240000 Discount on Bonds Paya 10000 Bonds Payable 250000 (b) > July 1, 2020 Interest Expense 13500 Discount on Bonds Payable 250 Cash 13750 (c) Dec 31, 2020 Interest Expense 13500 Discount on Bonds Payable 250 Interest Payable 13750