Please explain detail

Brief Exercise 14-7 On January 1, 2017, Crane Corporation issued $610,000 of 9% bonds, due in 10 years. The bonds were issued for $651,453, and pay interest each July 1 and January 1 . The effective-interest rate is 8% pare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (o) the decimal places, e.g. 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are December 31 adjusting entry. Crane uses the effecti ve-interest method. (Round intermediate calculations to 6 automatically indented when amount is entered. Do not indent manually.) No. (a) January 1, 2017 Date Account Titles and Explanation Debit Credit (b) July 1, 2017 (c) December 31, 2017