(L01) Devers Corporation issued $400,000 of 6% bonds on May 1, 2017. The bonds were dated January 1, 2017, and mature January 1, 2020, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Devers’s journal entries for

(a) the May 1 issuance,

(b) the July 1 interest payment, and

(c) the December 31 adjusting entry.