On January 2,2013,Boyd Corporation Issued Ten-Year,8 Percent Bonds with a Face

On January 2,2013,Boyd Corporation issued ten-year,8 percent bonds with a face value of $500,000.The semi-annual interest dates are June 30 and December 31.The bonds were issued for $437,740 to yield a market interest rate of 10 percent.The accounting year ends on December 31.Prepare entries in journal form without explanations to record the bond issue on January 2,2013,and the payments of interest and amortization of discount on June 30 and December 31,2013.Use the straight-line method of amortization.Round answers to the nearest dollar.