On July $1,2024,$ Rehearse Corporation issued $$34,000,000$ of $20-$year, $12\%$ bonds to finance its operations.

The bonds were issued at a market $($effective$)$ interest rate of $13\%,$ resulting in Rehearsal Corporation receiving cash of $$31,595,241.$ Interest is payable semiannualy on $12/31$ and $6/30.$ The company uses the straight$-$line method to amortize the bond discount.

REQUIRED:

Journalize the entries to record the following:

$07/01/24-$ issuance of the bonds

$\frac{12}{31}\frac{?}{24}-$ the first semiannual interest payment, including amortization of the bond discount. Round to the nearest dollar.

$\frac{06}{30}\frac{?}{25}-$ the second semiannual interest payment, including amortization of the bond discount. Round to the nearest dollar.