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

On January $1,2024,$ White Water issues $$550,000$ of $5\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$496,101.$

$2.$ 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 final answers to the nearest whole dollar.$)$