On January $1,2020,$ Bramble Corporation issued $$690,000$ of $9\%$ bonds, due in $10$ years. The bonds were issued for $$647,006,$ and

pay interest each July $1$ and January $1.$ Bramble uses the effective$-$interest method.

Prepare the company's journal entries for $($a$)$ the January $1$ issuance, $($b$)$ the July $1$ interest payment, and $($c$)$ the December $31$

adjusting entry. Assume an effective$-$interest rate of $10\%.($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.$)$

Discount on Bonds Payable

Interest Expense

Cash

Discount on Bonds Payable