M$10-11($Algo$)$ Recording the Issuance and Interest Payments of a Bond Issued at a Discount $($StraightLine Amortization with a Discount

Alana Company sold bonds with a face value of $$618,000$ for $$566,000.$ The bonds have a coupon rate of $6$ percent, mature in $5$ years, and pay interest semiannually every June $30$ and December $31.$

All of the bonds were sold on January $1$ of this year. Using a discount account, record the sale of the bonds on January $1$ and the payment of interest on June $30$ of this year. Alana uses the straight$-$line amortization method.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your final answers to nearest whole dollar amounts.