Chowan Corporation issued $260,000 of 10% bonds dated January 1, 2013, for $251,765.10 on Janauary 1, 2013. The bonds are due December 31, 2016, were issued to yield 11%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. Prepare the journal entries to record the issue of the bonds on January 1, 2013, and the interest payments on June 30, 2013, December 31, 2013, and June 30, 2014. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places, if necessary.