Patton Company issued $$1,500,000$ of $10\%$ bonds on January $1,2021$ for $$1,400,000.$ The bonds matur January $1,2031$; interest is payable each July $1$ and January $1.$ Patton Company uses the straight$-$lin method of amortizing bond discount or premium.

Instructions:

$(1)$ Record the journal entry on January $1,2021.$

$(2)$ Record the journal entry on July $1,2021.$

$(3)$ Record the journal entry on December $31,2021.$