On January 1, 2025, Crane Corporation issued $520,000 of 7% bonds, due in 10 years. The bonds were issued for $484,665, and pay interest each July 1 and January 1. Crane 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 answers to O decimal places, eg. 38,548. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually. List all debit entries before credit entries.)