$(8)$ please explain each number inputted in the journal entry

On January $1,$ Year $1,$ St$.$ Clair Corporation issues $7\%,11-$year bonds with a face amount of $$90,000$ for $$83,497.$ The market interest rate is $8\%.$ Interest is paid semiannually on June $30$ and December $31.$ Complete the necessary journal entry for the first semiannual interest payment by selecting the account names from the drop$-$down menus and entering the associated dollar amounts. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the first semiannual interest payment for $7\%,11-$year bonds with a face value of $$90,000.$

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