On January 1,2025, Sunland Corporation issued $560,000 of 7% bonds, due in 10 years. The bonds were issued for $521,947,and pay interest each July 1 and January 1. Sunland uses the effective-interest method. Prepare the company's journai 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.8. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 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.) Question 1 of 3 /1 No. Date Account Titles and Explanation Debit Credit (a) (b) (c)