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Required information

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On January $1,2024,$ White Water issues $$400,000$ of $5\%$ bonds, due in $15$ years, with interest payable semiannually on

June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$360,800.$

Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,$

$($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round

your final answers to the nearest whole dollar.$)$