On October $1,2019,$ Ball Company issued $9\%$ bonds dated October $1,2019,$ with a face amount of $$200,000.$ The bonds mature in $10$ years. Interest is paid semiannually on March $31$ and September $30.$ The proceeds from the bond issuance were $$205,294\mathrm{.}53$ to yield $8\mathrm{.}6\%.$ Ball Company has a December $31$ fiscal year$-$end and does not use reversing entries.

Required:

$1.$ Prepare journal entries to record the issuance of the bonds and the interest payments for $2019$ and $2020$ using the effective interest method.

$2.$ Prepare journal entries to record the issuance of the bonds and the interest payments for $2019$ and $2020$ using the straight$-$line method.