9) Lincoln, Inc. issued $500,000 of 5%, 5-year bonds dated January 1, 2016 on July 1, 2016 when the market required 6% interest for bonds of similar risk. The bonds pay interest on December 31 each year. The bonds sold at $493,251 including accrued interest. Required: Prepare the journal entries for the sale of the bonds and the December 31 payment for the interest for these bonds