On January 1, 2020, Sheffield Corporation issued $630,000 of 9% bonds, due in 10 years. The bonds were 1550 pay interest each July 1 and January 1. The effective-interest rate is 8% 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. Sheffield uses the effective interest method. (Round intermediate calculations to 6 decimal places, eg, 1.251247 and final answer to decimal places, es. 38,548. If no entry is required, select "No Entry" for the account tities and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Cre (a) No. (b) c)