Bonds Issued at a Discount

Emerald, Inc, issued the following bonds at a discount:

Date of issue and sale: April $1,20-1$

Principal amount: $,$$$500,000$

Sale price of bonds: $,97$

Denomination of$-$bonds: $$1,000$

Life of bonds: $,20$ years

Stated rate: $,8\%,$ payable semiannually on September $30$ and March $31$

Required:

Prepare journal entries for the activities listed below. If required, round your answers to two decimal places.

$($a$)$ Issuance of the bonds at a discount.

$($b$)$ Interest payment and discount amortization on the bonds on September $30,20-1.$