Exercise 2: On January 1, 2019, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. The bonds were issued for $644,636, and pay interest each July 1 and January 1 . Assume an effective-interest rate of 6%. Required: Prepare the company's journal entries for 1- The January 1 issuance. 2- The July 1 interest payment. 3- The Dec 31 adjusting entry