Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,$ Splash City issues $$490,000$ of $8\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year. T$.$ Bone Investment Company $($TBIC$)$ purchases all of the bonds in a private placement.

Assuming the market interest rate on the issue date is $7\%,$ TBIC will purchase the bonds for $$535,061.$

$2.$ Record the purchase of the bonds by TBIC on January $1$ and the receipt of the first two semiannual interest payments on June $30$ 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 answers to the nearest whole dollar amount.$)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $01,$Investments,$(,535,061,],[,$Cash,V$,,535,061],[2,$June $30,$Cash,$(,19,600,$:$\text{'}$