On 1/1/19 Admirable Corp. issued an 5-year bond with a par value of $200,000, an annual stated rate of 9%, and a market rate (yield) of 8%. Interest payments are made semi-annually each June 30 and December 31. The bonds were issued for a price of $208,111.

Required: Record journal entries for the first two interest payments (on 6/30/19 and 12/31/19) assuming the company uses the effective-rate method (round to the nearest dollar).

Remember to include financial statement effects in parentheses. All journal entry lines may not be necessary.

Date	Account	Debit	Credit
6/30/19
12/31/19