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On July 1, 2024, Sandhili Corp. issued $4.22 million of 10 -year, 5% bonds at $4,565,015. This price resulted in a 4% market interest rate

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On July 1, 2024, Sandhili Corp. issued $4.22 million of 10 -year, 5% bonds at $4,565,015. This price resulted in a 4% market interest rate on the bonds, The bonds pay semi-annual interest on July 1 and January 1 , and Sandhill has a December 31 year end. Record the issue of the bonds on July 1, 2024. (List debit entry before credit entry. Credit account tities are automatically indented when the amount is entered. Do not indent ntanually. If no entry is required, select "No Entry" for the account eitles and enter of for the amounts. Record the accruat of interest and the interest poyments for the first theee yoavof the bends. (Lhit av debit entrie beotere vean! erarles. Round answers to 0 decimal ploces es 5275 . Credt accosit fitles are outometicaly indented when the ameunt is enteret Dos nee indert mamwily. It no entry is required, select "No Entry" for the account bicles and enter ofor ihe amounte Recordioumalentries in the order presented in the

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