I need to make a journal entry for the following problems. I think I got #1 right but I need help with how to solve #2 if possible, thank you.

1. On Jan 1 a corporation issued $325,000, 5.5%, 9 year bonds when the market rate was 6%. Interest is to be paid annually on each Jan 1, beginning 1 year from the date of issue.

THIS IS WHAT I GOT FOR THIS ONE:

Jan 1. Cash Debit $313,947

Discount on bonds payable 11,053

Bonds payable Credit $325,000

2. The first cash interest payment on the 5.5% bonds is due January 1 of next year. The annual interest on the bonds for 2021 has not yet been recorded. Use the effective interest method.