Gillooly Co$.$ purchased $$504,000$ of $6\%,20-$year Lumpkin County bonds as a held$-$to$-$maturity investment on May $11,$ Year $1,$ directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April $1$ and October $1.$ On October $31,$ Year $1,$ Gillooly Co$.$ sold $$126,000$ of the Lumpkin County bonds at $97$ plus $$630$ accrued interest.

Journalize the entries to record the following:

If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.