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On January $1,2024,$ Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $$540,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually on June $30$ and December $31$ each year.

$6$

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$2.$ If the market interest rate is $8\%,$ the bonds will issue at $$503,306.$ Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.($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 dollar amount.$)$

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$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $01,2024,$Cash,,$],[,,$Bonds Payable,,$],[,,$Premium on Bonds Payable,,$],[,,,,],[2,$June $30,2024,$Interest Expense,,$],[,,$Cash,,$],[,,$Rent Expense,,$],[,,,,]]$