On January $1,2024,$ Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $$590,000$ of $8\%$ bonds, due in $2$ years, with interest payable semiannually on June $30$ and December $31$ each year.

If the market interest rate is $7\%,$ the bonds will issue at $$644,257.$ Record the Bond issue on January $1,2024$ and the first two semiannual interest payments on June $30,2024$ and December $31,2024.$

$2.$Record the first semiannual interest payment.