On February $1,2021,$ Strauss$-$Lombardi issued $9\%$ bonds, dated February $1,$ with a face amount of $$780,000.$ The bonds sold for $$713,083$ and mature on January $31,2041(20$ years$).$ The market yield for bonds of similar risk and maturity was $10\%.$ Interest is paid semiannually on July $31$ and January $31.$ Strauss$-$Lombardi$’$s fiscal year ends December $31.$

Required:$\mathrm{}$

$$$\mathrm{}$ Prepare the journal entries to record their issuance by Strauss$-$Lombardi on February $1,2021,$ interest on July $31,2021($at the effective rate$),$ adjusting entry to accrue interest on December $31,2021$ and interest on January $31,2022.($Do not round your intermediate calculations and round your final answers to nearest whole dollar. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$February $01,2021,$Cash,,$],[,,$Discount on bonds payable,,$],[,,$Bonds payable,,$],[2,$July $31,2021,$Interest expense,,$],[,,$Discount on bonds payable,,$],[,,$Cash,,$],[3,$December $31,2021,$Interest expense,,$],[,,$Discount on bonds payable,,$],[,,$Interest payable,,$],[4,$January $31,2022,$Interest expense,,$],[,,$Interest payable,,$],[,,$Discount on bonds payable,,$]]$