Question 16 of 18 - / 8 !!! View Policies Current Attempt in Progress On January 1, 2020, Waterway Corporation issued $540,000 of 7% bonds, due in 10 years. The bonds were issued for $580,169 and the effective interest rate is 6%. 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. (Round answers to 0 decimal places, e.g. 125. If no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 1 (b) July 1 (c) Dec. 31