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Required information

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Legacy issues $$590,000$ of $7\mathrm{.}5\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$542,310$ when the market rate is $10\%.$

$4.$ Prepare the journal entries to record the first two interest payments.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$June $30,$Bond interest expense,$,27,118,],[,$Discount on bonds payable,$,,4,993$