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Prepare journal entries to record first two interest payment

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Question - Hillside issues $4,000,000 of 6% 15 year bonds dated Jan 1, 2013 that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,895,980

Prepare the journal entries to record the first two interest payments.

Reference no: EM132043767

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