On August $1,2024,$ Pharoah Corporation issued $$134\mathrm{.}0$ million in $5\mathrm{.}0\%$ bonds, with interest payable on January $31$ and

July $31$ each year. The market yield rate for these bonds on the date of issuance was $4\mathrm{.}5\%$ and they were issued at $103\mathrm{.}99.$

The bonds had a maturity date of April $1,2034.$ The company's fiscal year end is July $31.$Provide the journal entries to record the first two interest payments. Ignore year$-$end accruals of interest. $($Credit

account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.$ List all debit entries

before credit entries. Record journal entries in the order presented in the problem.$)$

Account Titles and Explanation