$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $$500,000$ of $7\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

$3.$ If the market interest rate is $6\%,$ the bonds will issue at $$557,787.$ 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.$)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,Genera,,Debit,Credit$],[1,\backslash$table$[[$January $01,2024]],$Cash,$(,557,787,],[,$Premium on Bonds Payable,$(,,57,787$