On January $1,2019,$ Gates Corporation issued $$600,000$ of $5-$year bonds due December $31,2023,$ for $$623,337\mathrm{.}91$ minus bond issue costs of $$3,000.$ The bonds carry a stated rate of interest of $10\%$ payable annually on December $31$ and were issued to yield $9\%.$ The company uses the effective interest method of amortization to amortize any discounts or premiums and the straight$-$line method to amortize the debt issuance costs.

Required:

Prepare the journal entries to record the issuance of the bonds, all the interest payments, premium amortizations, debt issuance cost amortizations, and the repayment of the bonds. In addition, prepare a bond interest expense and premium amortization schedule for the bonds.