On November 1, 20x5, Saunders Company issued $600,000 worth of ten-year, 9 percent bonds. The semiannual interest dates are November 1 and May 1. Because the market interest rate of similar investments was 8.5 percent, the bonds were issued at a price of 103. Ignoring year-end accruals, prepare entries in journal form without explanations to record the bond issue on November 1, 20x5, and the payments of interest and amortization of premium on May 1 and November 1, 20x6. Use the effective interest method of amortization. Round answers to the nearest dollar. ( see attached)