Nejedly Company issued $$432,000$ par value, $5-$year, $2\%$ bonds on June $1,2022.$ The bonds are dated

January $1,2022,$ and pay interest semiannually each June $30$ and December $31.$ The bonds are sold at

par plus accrued interest because they are sold between interest dates. The company's fiscal year ends

on December $31.$ Prepare the journal entries required to issue the bonds on June$1,2022,$ and record the

first interest payment on June $30,2022.($Record debits first, then credits. Exclude explanations from any

journal entries.$)$

First, prepare the journal entry required to issue the bonds on June$1,2022.$

Now record the first interest payment on June $30,2022.$