On $1/1/24,$ a company issued a $500,000$ bond payable with a stated rate smaller than the market rate. The bonds pay semiannual interest every $7/1$ and $12/31,$ starting with $7/1/24.$ The company prepared the following first few lines of its amortization schedule.

Date Cash int Exp Disc $/$ Prem Amort Carrying Value

$1/1/2024478,120$

$7/1/202410,00011,9531,953480,073$

$12/31/202410,00012,0022,002482,075$

$2.$ Prepare the journal entry for issuing the bond on $1/1/24.$

$3.$ Prepare the $7/1/24$ entry for making the first interest payment.

$4.$ Assume the company$$s year$-$end is on $12/1/24($and NOT $12/31/24).$ Prepare the appropriate adjusting entry on $12/1/24.$

$5.$ Prepare the $12/31/24$ entry for making the second interest payment.