Madrid Company plans to issue $11\%$ bonds with a par value of $$5,700,000.$ The company sells $$5,130,000$ of the bonds at par on January $1.$ The remaining $$570,000$ sells at par on July $1.$ The bonds pay interest semiannually on June $30$ and December $31.$

Record the entry for the first interest payment on June $30.$

Record the entry for the July $1$ cash sale of bonds.

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Record the entry for the July $1$ cash sale of bonds.

$\backslash$table$[[$No$,$Date,.,General Journal,Debit,Credit$],[1,$July $01,$Cash,$2,590,000,],[,$Bonds payable,$(,,590,000$