Recording Entries for Bonds Sold Between Interest Dates

On May $1$ of Year $1,$ Setup Inc. sold an issue of $5\%,$ $$1,100$ bonds dated January $1$ of Year $1$ to yield $5\%.$

The bonds pay interest every June $30$ and December $31$ and mature December $31$ of Year $5.$

a$.$ Provide journal entries to be made by Setup Inc. at each of the following dates.

May $1$ of Year $1,$ bond issuance.

June $30$ of Year $1,$ first interest payment.

b$.$ Indicate the amount of interest expense to be recorded in the company's income statement for the six

months ended June $30$ of Year $1.$

Note: Round your answers to the nearest whole dollar.

b$.$ Interest expense