Yale Corporation issued to Zap Corporation $$144,000,8\%($cash interest payable semiannually on June $30$ and December $31)10-$year bonds dated and sold on January $1.$ Assume that the company uses the straight$-$line amortization method. If the bonds were sold at $97,$ provide journal entries to be made at each of the following dates.amortization method. If the bonds were sold at $97,$ provide journal entries to be made at each of the following dates.

a$.$ January $1,$ for issuance of bonds.

b$.$ June $30,$ for the first interest payment.