On January $1,2025,$ Sheffield Company purchased $$410,000,8\%$ bonds of Aguirre Co$.$ for $$378,339.$ The bonds were purchased to yield $10\%$ interest. Interest is payable semiannually on July $1$ and January $1.$ The bonds mature on January $1,2030.$ Sheffield Company uses the effective$-$interest method to amortize discount or premium. On January $1,2027,$ Sheffield Company sold the bonds for $$380,070$ after receiving interest to meet its liquidity needs.

$($a$)$

Prepare the journal entry to record the purchase of bonds on January $1.$ Assume that the bonds are classified as available$-$for$-$sale. $($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[\backslash$table$[[$Jan$.1,],[2025]],,,]]$