on January 1, 2017, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. The tonds were issued fr ssss 224, and pay interest each Mi a d lanuary 1 MS uses the emot enternt method. Prepare the company's journal entries for (a) the January 1 Issuance, (b) the July 1 interest payment, and (e) the December 31 adjusting entry. Assume an effective-Interest rate of 8% (Round interasediate calculations to & de answer to O decima places eq. 38,548. If no entry is required select No Entry. for the account titles and enter O for the amounts. Credit account titles are auto natkally inde ted when am unt is entered Date Debit (a) Jan. 1, 2017 on fonds Payable Bords Payable (b) July 1, 2017 Discount on Bonds Payable ) Dec. 31, 2017