On 1 July 2015, Sound Puzzles Ltd issued 1,000 six-year bonds with a face value of $100 and coupon rate of 5% per annum. The market rate was 4% on the date that the bonds were issued. The company received $105,242 cash from investors for the bonds.

Using the effective interest rate method, the companys accountant has prepared the table showing how the bonds change in value over time:

Year	Opening balance (1 July)	Effective Interest (market rate = 4%)	Interest to be Paid (coupon rate = 5%)	Decrease in carrying value	Closing balance (30 June)
1*	$105,242	$4,210	$5,000	$790	$104,452
2	$104,452	$4,178	$5,000	$822	$103,630
3	$103,630	$4,145	$5,000	$855	$102,775
4	$102,775	$4,111	$5,000	$889	$101,886
5	$101,886	$4,075	$5,000	$925	$100,962
6**	$100,962	$4,038	$5,000	$962	$100,000

* Year 1 is 1 July 2015 to 30 June 2016

** Year 6 is 1 July 2020 to 30 June 2021

On 30 June 2021, interest and the face value of the bonds is paid to investors in cash.

Required:

Using the information provided in the above table, prepare the journal entries that would be recorded on 1 July 2015 and 30 June 2021.