Tamarisk Electronics Ltd$.$ issued $$630,000$ of $15-$year, $6\mathrm{.}5\%$ bonds on January $1,2025,$ when the market interest rate was $5\mathrm{.}5\%.$ The cash received at the issuance of the bond was $$693,785\mathrm{.}30.$ Interest is payable semi$-$annually on July $1$ and January $1.$ Tamarisk has a December $31$ year end.

Prepare a bond amortization schedule for the first four interest periods, using the effective$-$interest method. $($Round answers to $2$ decimal places, eg$.15\mathrm{.}75.)$

$\backslash$table$[[,\backslash$table$[[$TAMARISK ELECTRONICS LTD$.],[$Bond Premium Amortization Schedule Effective$-$Interest Method$]]],[$Semi$-$Annual Interest Period,Interest Payment,Interest Expense,Amortization,Bond$],[$Issue Date, Jan. $1,2025,,,,],[$July $1,2025,,,,],[$Jan$.1,2026,,,,],[$July $1,2026,,,,],[$Jan$.1,2027,,,,],[4,,,,-]]$

Record the issue of the bonds and the first interest payment. $($List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}75.$ Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit