CABER my work Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $880 million on January 1, 2021. The bonds sold for $813,794,520 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12 %. Interest is paid semiannually on June 30 and December 31 Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Prepare the journal entris to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 Record the issuance of the bond on January 1, 2021. Prev 1 of 2 Next> CHeek my wor Aey Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). (If no entry is required for a transaction/event, select "No joural entry required in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 Record the interest on June 30, 2021 (at the effective rate). Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 UTKSTeet Record the interest on December 31, 2021 (at the effective rate). Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 1 of 2 Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet? (Enter your answers in whole dollars.) Cash Interest Bond Interest Expense Discount Amortization Period-End Paid Carrying Value 01/01/2021 06/30/2021 12/31/2021 Req 1 to 3 Prev 1 of 2 Next> IL