On January 1,2025, Crane Corporation issued $450.000 of 7% bonds, due in 10 years. The bonds were issued for $423,783, 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 0 decimal ploces, eg. 38.548. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit occount titles are outomatically indenind when the amount is entered Do not indent manually. List all debit entries before credit entries.)