On August 31, 1998, as part of the provisions of its bond indenture, Caribbean Cruise Line, Inc., acquired \(\$ 480,000\) of its outstanding bonds on the open market at 96 plus accrued interest. These bonds were originally issued at face value and carry a \(12 \%\) interest rate, payable semiannually. The bonds are dated November 30, 1987, and pay semiannual interest on May 31 and November 30. Prepare the journal entries required to record the accrual of the interest to the acquisition date on the bonds acquired and the acquisition of the bonds.