On January 1,2025, Grouper Corporation issued $470,000 of 7% bonds, due in 8 years. The bonds were issued for $442,617, and pay interest each July 1 and January 1 . Grouper 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 places, e. 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.)