On January 1. 2025, Headland Corporation issued $550,000 of 7% bonds, due in 8 years. The bonds were isqued for $517,956 and pay interest each July 1 and Jantary 1 . Headland 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 Decernber 31 adjusting entry. Assume an effective-interest rate of 8%. (Round answers to 0 decimal places. es. 38.548.1/ no mitry is required, sebect 'No Entry" for the account titles and enter ofor the amounts. Gredit account titter are cattomatically indented when the amount is enterni. Do not Indent manually. List all debit entries before credit entries.) Question 5 of 28 /13.5 : (b) eTextbook and Media