Legacy issues $$600,000$ of $7\mathrm{.}0\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$541,807$ when the market rate is $10\%.$

$4.$ Prepare the journal entries to record the first two interest payments.

Journal entry worksheet

$1$

$2$

Record the interest payment and amortization on June $30.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,,,],[,,,],[,,,],[,,,]]$