sheridan Limited issued $4,500,000 10-year, 8% bonds on January 1, 2021, when the market interest rate was 9%. The bonds were sold at 94. Interest is payable semi-annually on July 1 and December 31. Sheridan has a December 31 year e Provide the journal entry to record the payment of interest on July 1, 2021.  please only round final answers to 2 decimal places

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