The Sanders Company issued $9\mathrm{.}5\%$ bonds, dated January $1,$ with a face amount of $$8,000,000$ on January $1,2024.$ The bonds mature on

December $31,2033(10$ years$).$ For bonds of similar risk and maturity, the market yield is $11\mathrm{.}0\%.$ Interest is paid semiannually on June $30$

and December $31.$ Sanders uses the effective interest method.

Record the bond issuance by the Sanders Company on January $1,2024.$

Record the first interest payment on June $30,2024($at the effective rate$).$

Record the second interest payment on December $31,2024($at the effective rate$).$