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Agee Technology, Inc., Issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2021, at a price of $380

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Agee Technology, Inc., Issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2021, at a price of $380 million For bonds of similar risk and maturity, the market yleld is 10%. Interest is pald semi-annually on June 30 and December 31. Required: Prepare the journal entry to record interest at the effective Interest rate at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, If it uses the direct method? Complete this question by entering your answers in the tabs below. General Journal Cash Paid Prepare the journal entry to record interest at the effective interest rate at December 31. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet No Data General Journal Debit 1 December 31 Credit Interest expense Discount on bonds payable Cash 3.820,000 22,000,000 3.000.000 Gere Cash Pald > Agee Technology, Inc., Issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2021, at a price For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December Required: Prepare the journal entry to record Interest at the effective Interest rate at December 31. What would be the amounts) re bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, If it uses the director Complete this question by entering your answers in the tabs below. General Journal Cash Paid What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, If it uses the direct method? (List any cash outflows with a minus sign. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) (5 in millions) Cash outflow from financing activities Cash inflow from investing activities Cash intlow trom financing activities $ 380

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