The Bradford Company issued $8\%$ bonds, dated January $1,$ with a face amount of $$80$ 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 $10\%$

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

Required:

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$)$