Numbers are incorrect*

Recording Bonds Issued at a Discount-Effective Interest Yale Corporation issued $60,000,8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1 . Yale amortizes any bond discount or premium using the effective interest amortization method. If the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates. a. January 1 , for issuance of bonds. b. June 30, for the first interest payment. - Note: Round your answer to the nearest whole dollar