On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years

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On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years. The bonds were issued for $677,949, and pay interest each July 1 and January 1. JWS uses the effective-interest method.

Prepare the company On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years. The bonds were issued for $677,949, and pay interest each July 1 and January 1. JWS uses the effective-interest method.

Prepare the company Brief Exercise 14-6 On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years. The bonds were issued for $677,949, and pay interest each July 1 and January 1. JWS uses the effective-interest method. 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. Assume an effective-interest rate of 10%. (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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