On January 1, Sherby issued $400,000 in 10 year, 8% bonds. The bonds were priced to yield 6%. Interest payments are made on June 30 and December 31. Sherby uses the effective interest method to amortize any discounts or premiums on investments and bonds payable. Journalize the entry to issue the bond, pay interest and to amortize the discount or premium on June 30 and Dec 31.