The Bradford Company issued $12\%$ bonds, dated January $1,$ with a face amount of $$60$ million on January $1,2024$ to Saxton$-$Bose Corporation.

The bonds mature on December $31,2033(10$ years$).$

For bonds of similar risk and maturity, the market yield is $14\%$

Interest is paid semiannually on June $30$ and December $31.$

Required:

$1.$ to $3.$ Prepare the journal entries to record the purchase of the bonds by Saxton$-$Bose on January $1,2024,$ interest revenue on June $30,2024$ and interest revenue on December $31,2024($at the effective rate$).$

Note: Enter your answers in whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$