On July $1,2024,$ Sage Hill Inc., a public company, purchased $$390,000$ of Cheyenne Corp. $10-$year, $3\%$ bonds for $$358,200$ to earn interest. The bonds had a market interest rate of $4\%.$ The bonds pay interest semi$-$annually on January $1$ and July $1.$ Sage Hill Inc. has a December $31$ year end. At December $31,2024,$ the bonds are trading at $96.$Your answer is partially correct.

Round answers to $0$ decimal places, e$.$g$.5,275.$ List all debit entries before credit entries.$)$

Sage Hill $($investor$)$

Date Account Titles

Debit

Credit

Dec. $31$

Interest Receivable

Investments at Amortized Cost

Interest Revenue

Cheyenne $($investee$)$

Date

Account Titles

Dec. $31$

Interest Expense

Interest Payable

Debit

Credit

Dec $3$