On January 1, 2014, JWS Corporation issued $704,000 of 7% bonds, due in 10 years. The bonds were issued for $656, 165, and pay interest each July 1 and January 1. JWS uses the effective-interest method. Prepare the company's journal entries for the January 1 issuance, the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective-interest rate of 8%. (Round answers to O decimal places, e.g. 38, 548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)