Review the rollowing three bonds payable assumptions:

$($i$)($Click the icon to view the bond assumptions.$)$

Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective$-$interest amortization method. Explanations are not required. $($Record debits first, then credits. Exclude explanations from any joumal entries. Round your final answers to the nearest whole dollar.$)$

Assumption $1.$ Seven$-$year bonds payable with face value of $$83,000$ and stated interest rate of $10\%,$ paid semiannually. The market rate of interest is $10\%$ at issuance. The present value of the bonds at issuance is $$83,000.$

Journalize the issuance of the bonds when the market interest rate is $10\%.$