Wildhorse Power Ltd. issues bonds and receives proceeds of $55,057,500. The bonds mature in 13 years and carry a 8.5% interest rate paid semi-annually. The bonds were issued at a price of 122.35 to yield 6%.

Show the journal entries to record the first two semi-annual interest payments on these bonds. Ignore year-end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 125. List all debit entries before credit entries.)