Question: Hillside issues $ 4 , 0 0 0 , 0 0 0 of 6 % , 1 5 - year bonds dated January 1 ,

Hillside issues $4,000,000 of 6%,15-year bonds dated January 1,2026, 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.

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