On January 1, 2013, a company buys equipment for $666,633 with a 14% installment note to pay off the debt with 6 semiannual payments over three years. The payments are $139,857.

1A. Provide the journal entry to record the purchase of the equipment.

1B. Give the journal entries for June 30 and December 31. (For a compound transaction, if an amount box does not require an entry, leave it blank.) (Round your answers to the nearest dollar.)