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2. On January 1, 2019, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. Assume an effective-interest rate of 6%. Interest is payable

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2. On January 1, 2019, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. Assume an effective-interest rate of 6%. Interest is payable on January 15 and July 154 Prepare the company's journal entries for (a) the January 19 issuance, (b) the July 1M interest payment, and (c) the December 31st adjusting entry. (25 POINTS)

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