TB Problem $14-188($Static$)$ On February... On February $1,2024,$ Sanford $\backslash$& Son issued $\backslash (10\backslash \%\backslash )$ bonds dated February $1,2024,$ with a face amount of $\backslash$$$200,000.$ The bonds sold for $\backslash (\backslash$$ $239,588\backslash )$ and mature in $20$ years. The effective interest rate for these bonds was $\backslash (8\backslash \%\backslash ).$ Interest is paid semiannually on July $31$ and January $31.$ Sanford $\backslash$& Son's fiscal year is the calendar year. Sanford $\backslash$& Son uses the straight$-$line method of amortization. Required: $1.$ Prepare the journal entry to record the bond issuance on February $1,2024.2.$ Prepare the entry to record interest on July $31,2024,$ using the straight$-$line method. $3.$ Prepare the necessary journal entry on December $31,2024.4.$ Prepare the necessary journal entry on January $31,2025.$ Answer is not complete. Complete this question by entering your answers in the tabs below. Required $1$ Required $3$ Required $4$ Prepare the necessary journal entry on January $31,2025.$ Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar amount.

TB Problem $14-188($Static$)$ On February...

On February $1,2024,$ Sanford & Son issued $10\%$ bonds dated February $1,2024,$ with a face amount of $$200,000.$ The bonds sold for

$$239,588$ and mature in $20$ years. The effective interest rate for these bonds was $8\%.$ Interest is paid semiannually on July $31$ and

January $31.$ Sanford & Son's fiscal year is the calendar year. Sanford & Son uses the straight$-$line method of amortization.

Required:

Prepare the journal entry to record the bond issuance on February $1,2024.$

Prepare the entry to record interest on July $31,2024,$ using the straight$-$line method.

Prepare the necessary journal entry on December $31,2024.$

Prepare the necessary journal entry on January $31,2025.$

Complete this question by entering your answers in the tabs below.

Prepare the journal entry to record the bond issuance on February $1,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

I need help with the last $2$ parts with steps shown on how to get the calculations.

Thank you for your time and help