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

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Legacy issues $$550,000$ of $9\mathrm{.}5\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$507,301$ when the market rate is $12\%.$

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

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