DO BE14-7 Assume the bonds in BE14-6 were issued for $644,636 with the effective-interest rate of 6%. 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. DE BE14-8 Tan Corporation issued HK$600,000,000 of 7% bonds on November 1, 2015, for HK$644.636,000. The bonds were dated November 1, 2015, and mature in 10 years, with interest payable each May 1 and November 1. The effective-interest rate is 6%. Prepare Tan's December 31, 2015, adjusting entry