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On January 1, 2017, Blue Spruce Corporation issued $575,000 of 7.50% bonds that are due in 9 years. The bonds were issued for $593,966 and pay interest each July 1 and January 1, The company uses the effective interest method. Assume an effective rate of 7%. Prepare the company's journal entry for the January 1 issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation an. 1 Debit Credit Prepare the company's journal entry for the July 1 interest payment. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation July 1 Debit Credit Prepare the company's December 31 adjusting entry. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the first three payments of an effective-interest amortization table for the bonds. (Round answers to 2 decimal places, e.g. 52.75.) Schedule of Discount Amortization Effective Interest Method Interest Expense Cash Paid Premium Amortized Carrying Amount Date