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Agee Technology. Incorporated, issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2024, at a price of $1,370

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Agee Technology. Incorporated, issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2024, at a price of $1,370 million. For bonds of similar risk and maturity, the market yieid is 10%. Interest is paid 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 31,2024 , if it uses the direct method? Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest at the effective interest rate at December 31 Note: if no entiy is required for a transaction/event, select "No joumat entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should bo entered as 5,5). Complete this question by entering your answers in the tabs below. 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, 2024, If it uses the direct method? Note: Cash outflows should be indicated with a minus sign. Enter your answers in milions rounded to 1 decimal place (l.e. 5,500,000 should be entered as 5.5 )

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