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I need a journal entry for each of these transactions please, thank you. July 1. Mr. Burns issued $600,000, 10 years (semi annual payments) coupon

I need a journal entry for each of these transactions please, thank you.

July 1. Mr. Burns issued $600,000, 10 years (semi annual payments) coupon rate of 10%, market rate of 12%. Mr. Smithers gave this bond the code name Bond #1

December 31: Mr. Burns made interest payment on Bond #1. Use effective interest method. The payments are considered to be ordinary annuities

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