Your answer is partially correct. Try again. The Sarasota Company issued $230,000 of 12% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 98. pm Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Sarasota 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. Round intermediate calculations to 6 decimal places, .. 1.251247 and final answer to decimal places, e.g. 38, 548.) Date Account Titles and Explanation (a) January 1, 2017 cash 2254400 Discount on Bonds Payable Bonds Payable 230000 (b) July 2, 2017 Interest Ex Discount on Bonds Payable (c) Dec 31, 2017 Interest Expense Interest Payable Discount on Bonds Payable