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Problem $10-4$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2$

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Legacy issues $$620,000$ of $9\mathrm{.}5\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$571,867$ when the market rate is $12\%.$

Problem $10-4$A $($Algo$)$ Part $4$

$4.$ Prepare the journal entries to record the first two interest payments$\mathrm{.}21$

Part $4$ of $4$

$0\mathrm{.}65$

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Required information

Problem $10-4$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2$

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

Legacy issues $$620,000$ of $9\mathrm{.}5\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$571,867$ when the market rate is $12\%.$

Problem $10-4$A $($Algo$)$ Part $4$

$4.$ Prepare the journal entries to record the first two interest payments.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$June $30,$Bond interest expense,,$48,133\backslash$times $,],[,$Discount on bonds payable,,,$6,017],[,$Cash,,,$571,867\backslash$times $],[2,$December $31,$Bond interest expense,$0,42,116\backslash$times $,],[,$Discount on bonds payable,,,$6,017],[,$Cash,,,$577,884\backslash$times $]]$