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Exercise $9-17($Algo$)$ Record bonds issued at a discount and related annual interest $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$520,000$ of $5\%$ bonds, due in $15$ years, with interest payable annually on December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$469,499.$

Exercise $9-17($Algo$)$ Part $2$

$2.$ Record the bond issue on January $1,2024,$ and the first two interest payments on December $31,2024,$ and December $31,2025.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$No$,$Date,General,,Debit,Credit$],[1,$January $01,2024,$Cash,$\frac{O}{?},469,499,],[,$Discount on Bonds Payable,$0,50,501,],[,$Bonds Payable,$\frac{O}{?},,520,000\frac{O}{?}$