Flint Company issued $\backslash (\backslash$$ $552,000\backslash )$ of $\backslash (10\backslash \%,20\backslash )-$year bonds on January $1,2020,$ at $102.$ Interest is payable semiannually on July $1$ and January $1.$ Flint Company uses the effective$-$interest method of amortization for bond premium or discount. Assume an effective yield of $\backslash (9\mathrm{.}7705\backslash \%\backslash ).$

Prepare the journal entries to record the following. $($Round intermediate calculations to $6$ decimal places, e$.$g$.1\mathrm{.}251247$ and final answer to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and related amortization on July $1,2020.$

$($c$)$ The accrual of interest and the related amortization on December $31,2020.$

Date

Account Titles and Explanation

$\backslash (1/1/20\backslash )$

$7/1/20$

$12/31/20$