On January 1, 2013, a company issued and sold an $980,000, 5%, five-year bond payable and received proceeds of $960,400. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:

On January 1, 2013, a company issued and sold an $980,000, 5%, five-year bond payable and received proceeds of $960,400. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is