Please explain

On June 30, 2025, Chris Anderson Company issued $3,730,000.00 face value of 14%, 20-year bonds at $4,291,220.00, a yield of 12% Anderson uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and -December 31. Click here to view factor tables. (a) Prepare the journal entries to record the following transactions. (Round answer to 2 decimal places, e.g. 38,548.25. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. 2. 3. 4. The issuance of the bonds on June 30, 2025. The payment of interest and the amortization of the premium on December 31, 2025. The payment of interest and the amortization of the premium on June 30, 2026. The payment of interest and the amortization of the premium on December 31, 2026. Date Account Titles and Explanation Debit Crec