The Bradford Company issued $8\%$ 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 $10\%$

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

Requlred:

to $3.$ Prepare the journal entries to record the purchase of the bonds by Saxton$-$Bose on January $1,2024,$ interest revenue on June

$2024$ and interest revenue on December $31,2024($at the effective rate$).$

Note: Enter your answers In whole dollars. If no entry is requlred for a transactlon$/$event$,$ select $"$No journal entry requlred" In the

first account fleld. Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1.$ FVA of $$1.$ PVA of $$1.$ FVAD of $$1$ and PVAD of $$1)$

Journal entry worksheet

Record the interest revenue on June $30,2024.$

Note: Enter debits before credits.