$10-2$ Accounting for debt investments

On January $1,2024,$ Chaucer's Restaurant decides to invest in Lake Turner bonds. The bond matures on December $31,2029$ and pays interest on June $30,$ and December $31$ at $4\%$ annually. The market rate of interest was $4\%$ on January $1,2024,$ so the $$90,000$ maturity value bonds sold for face value. Chaucer intends to hold the bonds until December $31,2029.$ Journalize the purchase of bonds and the interest incurred during the first year.