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On july 1,2024 cullumber corp issued $3.84 miliion of 10 year,5% bonds at $4153948. The...

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Accounting

On july 1,2024 cullumber corp issued $3.84 miliion of 10 year,5% bonds at $4153948. The price resulted in 4% market interest rate of the bonds. The bonds pay semi-annually interest on July 1 and January 1, and Cullumber has a Decenber 31 year end.
Record the accrual of interest and the interest payments for the first three years of the bonds.
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