On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8%, and interest is paid semiannually. On the issue date, the market interest rate for bonds issued by companies with similar risk was 10% compounded semiannually. The issuance price of the bonds was $84,628. Make the journal entries needed on the books of the issuer to record the first two interest payments on June 30 and December 31. Use effective-interest amortization of the bond discount.