On January $1,2024,$ Universe of Fun issues $$700,000,7\%$ bonds that mature in $10$ years. The market interest rate for bonds of similar risk and maturity is $8\%,$ and the bonds issue for $$652,434.$ Interest is paid semiannually on June $30$ and December $31.$

$2.$ & $3.$ Record the issuance of the bonds on January $1,$ the interest payments on June $30,$ and December $31,2024.($If no journal entry is required for a particular transaction, select $"$No Journal Entry Required" in the first account field. Round your answers to the nearest The bond issue dollar amount.$)$ RECORD the bond issue, the first & second semiannual interest payment in a general journal tables