On January 1st, the first day of the current fiscal year, $4,000,000 of 10-year, 7% bonds, with interest
Payable semi-annually, were sold for $4,125,000. Present entries to record the following transactions
For the current fiscal year:

(a) Issuance of the bonds.
(b) First interest payment July 1
(c) End of year interest payment.
(d) Interest payment for July 1 of the 2nd year.

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