ment Brief Exercise 14-03 Your answer is partially correct. Try again. The Metlock Company issued $330,000 of 9% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each ly 1 and January 1. The bonds were issued at 99 Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Metlock Company records straight line amortization semiannually. If no entry is required, select "Ne account titles are automatically indented when amount is entered. Do not Indent manually.) No Date Account Titles and Explanation Debt Credit (a) Jan. 1. 2020 (Cash 326700 Discount on Bonds Payable 3300 Bonds Payable 330000 (b) July 1, 2020 Interest Expense 14850 Discount on Bonds Pays 330 Cash 14520 Dec 31, 2020 Interest Expense 14850 Discount on Bonds Pays 330 Interest Payable 14520