On June $30,2025,$ Mischa Auer Company issued $$4,000,000\mathrm{.}00$ face value of $13\%,20-$year bonds at $$4,300,920\mathrm{.}00,$ a yield of $12\%.$

Auer uses the effective$-$interest method to amortize bond premium or discount. The bonds pay semiannual interest on June $30$ and $-$

December $31.$

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$($a$)$

Your answer is partially correct.

Prepare the journal entries to record the following transactions. $($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.$ If no

entry is required, select $"$No Entry" for the account titles and enter $0$ 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.$)$

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 $31,2026.$