Dn January 1, 2024, for $17.7 million, Marker Company issued 8% bonds, dated January 1, 2024, with a face amount of $197 million. For ponds of similar risk and maturity, the market yield is 10% . Interest is paid semiannually on June 30 and December 31 , Required: 1. Prepare the joumal entry to record interest on June 30,2024 , using the effective interest method. 2. Prepare the journal entry to record interest on December 31,2024 , using the effective interest method, Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest on June 30,2024 , using the effective interest method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,0.00,000 not 1 ). Journal entry worksheet Record the entry to interest on June 30,2024 , using the effective interest method. Prepare the journal entry to record interest on December 31,2024 , using the effective interest method. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fi whole doliars not in millions (i.e., 1,000,000 not 1). Journal entry worksheet Record the entry to interest on December 31,2024 , using the effective interest method. Note: Enter debits before credits