XYZ Co$.$ issues $$700,000$ of $8\mathrm{.}50\%$ bonds on July $1,2020.$ Additional information on the bond issue is as follows:

Bond date January $1,2020$

Maturity date January $1,2030$

Yield rate $15\%$

Interest payment dates June $30,$ December $31$

Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd$/$mmm $($ie$.$ January $15$ would be $15/$Jan$).$

Please make sure your final answer$($s$)$ are accurate to $2$ decimal places.

a$)$ Record the bond issue and the first interest payment under the effective$-$interest method.

b$)$ On October $1,2025,$ the company called and cancelled $30\%$ of the bonds for the market price of $104$ plus accrued interest. Record the entry for the sale of the bond. $($Note: interest was paid on June $30,2025).$

c$)$ Record the interest entry on December $31,2025,$ on the remaining bonds.