Bond premium, entries for bonds payable transactions, interest method of amortizing bond premium payable semiannually on December $31$ and June $30.$ The fiscal year of the company is the calendar year.

Required:

For all journal entries, if an amount box does not require an entry, leave it blank.

Journalize the entry to record the amount of cash proceeds from the issuance of the bonds.

$20$ Yi July $1$

Journalize the entries to record the following:

a$.$ The first semiannual interest payment on December $31,20Y1,$ and the amortization of the bond premium, using the interest method. Round to the nearest dollar.

$20Y1$Dec$\mathrm{.}31$

b$.$ The interest payment on June $30,20Y2,$ and the amortization of the bond premium, using the interest method. Round to the nearest dollar.

$2012$ June $30$

Determine the fotal interest expense for $20$Y$1.$ Round to the nearest dollar.