Corporation issued $8\%,10-$year bonds with a face value of $ $500,000$ at a price of $91$ on July$1,2018.$ The bonds pay interest each January $1$ and July $1.$ Wakefield uses the$$ straight$-$line amortization method for all bond premiums and discounts. The company has a fiscal$$ year$-$end of December $31.$

Requirement $2.$ Record the accrual for the cash interest payable on the bonds and the amortization of any premium or discount on the bonds on December$31,2018.($Record debits$$ first, then credits. Exclude explanations from any journal$$ entries.$)$