E$14-5($Entries for Bond Transactions$-$Effective$-$ Interest$)$ Assume the same information as in E$14-4,$ expect that Foreman Co$.$ uses the effective$-$interest method of amortization for bond premium or discount. Assume an effective yield of $9\mathrm{.}7705\%.$

Instructions:

Prepare the journal entries to record the following. $($Round to the nearest dollar$).$

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and related amortization on July $1,2013.$

$($c$)$ The accrual of interest and the related amortization on December $31,2013$