On January 1, 2024, Sunland Ltd. issued $485,000 of 5%,5-year bonds. The bonds were issued to yleld a market interest rate of 6%. Sunland's year end is December 31. On January 1, 2026, immediately after making and recording the semi-annual interest payment, Sunland redeemed the bonds. A partial bond amortization schedule is presented below. (a) Prepare the Journal entry to record the payment of interest on July 1, 2024. (List all debit entries before crodit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts)