Current Attempt in Progress On January $1,2025,$ Waterway Corporation issued $\backslash (\backslash$$ $510,000\backslash )$ of $\backslash (7\backslash \%\backslash )$ bonds, due in $8$ years. The bonds were issued for $\backslash (\backslash$$ $542,033\backslash ),$ and pay interest each July $1$ and January $1.$ The effective$-$interest rate is $\backslash (6\backslash \%\backslash ).$ 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. Waterway uses the effective$-$interest method. $($Round answers to $0$ decimal places, e$.$g$.38,548.$ 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.$)$