Bight Corporation issued $$400,000$ of $5-$year bonds on April $1,2023.$ Interest is paid semi$-$annually on April $1$ and October $1.$ Below is a partial amortization schedule for the first few years of the bond issue.

Semi$-$AnnualInterest Period

InterestPayment

Interest Expense

Amortization

CarryingAmount of Bonds

Apr. $1,2023$

$$418,444$

Oct. $1,2023$

$$8,000$

$$6,277$

$$1,723$

$416,721$

Apr. $1,2024$

$8,000$

$6,251$

$1,749$

$414,972$

Oct. $1,2024$

$8,000$

$6,225$

$1,775$

$413,197$

Apr. $1,2025$

$8,000$

$6,198$

$1,802$

$411,395$

Oct. $1,2025$

$8,000$

$6,171$

$1,829$

$409,566$

Apr. $1,2026$

$8,000$

$6,143$

$1,857$

$407,709$ Prepare the journal entry for the payment of interest on April $1,2024.$ Assume no reversing entries have been used.

Calculate bond issue and prepare amortization schedule of a bond premium