On January $1,2020,$ Whispering Corporation issued $$560,000$ of $7\%$ bonds, due in $10$ years. The bonds were issued for $$521,948,$ and pay interest each July $1$ and January $1.$ Whispering uses the effective$-$interest method.

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. Assume an effective$-$interest rate of $8\%.($Round intermediate calculations to $6$ decimal places, e$.$g$.1\mathrm{.}251247$ and final answer to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credil. account titles are automatically indented when amount is entered. Do not indent manually.$)$