The Bradford Company issued $11\%$ bonds, dated January $1,$ with a face amount of $$80$ million on January $1,2024$ to Saxton$-$Bose Corporation.

The bonds mature on December $31,2033(10$ years$).$

For bonds of similar risk and maturity, the market yield is $12\%$

Interest is paid semiannually on June $30$ and December $31.$

Required:

to $3.$ Prepare the journal entries to record the purchase of the bonds by Saxton$-$Bose on January $1,2024,$ interest revenue on Ju $30,2024$ and interest revenue on December $31,2024($at the effective rate$).$

Note: Enter your answers in whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in th first account field. Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

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$\backslash$table$[[$No$,$date,General Journal,Debit,Credit,$],[1,$January $01,2024,$Investment in bonds,$80,000,000,,],[,,$Discount on investment in bonds,,,$],[,,$Cash,,,$],[,,,,,]]$