Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $820 million on January 1, 2024. The bonds sold for $754,210,889 and mature on December 31, 2043 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their fair value. On December 31, 2024, the fair value of the bonds was $740 million as determined by their market value in the over-the-counter market. Assume the fair value of the bonds on December 31, 2025, had risen to $746 million. Required: Complete the below table to record the following journal entries. 1. & 2. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31, 2025, balance sheet. Federal determined that none of the change in fair value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates.

Federal Semiconductors issued 10\% bonds, dated Janusry 1, with o face omount of $820 million on Janusry 1, 2024. - The bonds sold for $754,210,889 and mature on December 31, 2043 (20 years). - For bonds of similar risk and maturity the market yield wos 11%. - Interest is paid semiannually on June 30 and December 31. - Federol determines interest ot the effective rote. - Federal elected the option to report these bonds at their fair volue. - On December 31, 2024, the foir value of the bonds was $740 million as determined by their market volue in the over-the-counter morket. Assume the fair value of the bonds on December 31,2025 , had risen to $746 million. Required: Complete the below table to record the following journal entries. 1. \& 2 Prepore the journal entries to record interest on June 30, 2024, December 31,2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 bolance sheet, and record interest on June 30, 2025, December 31, 2025, and odjust the bonds to their fair velue for presentstion in the December 31, 2025, bslance sheet. Federol determined thet none of the chsnge in fair volue in 2024 wos due to 0 decline in general interest rates and one-half of the increase in fair volue in 2025 wos due to o decline in generol interest rotes. Complete this question by entering your answers in the tabs below. Complete the below table to determine the amounts for the joumal entries. Note: Negative amount should be indicated by a minus sign. Round intermediate calculations and final answers to the nearest whole dollars. Federal Semiconductors issued 10\% bonds, dated Janusry 1, with o face omount of \$820 million on Janusry 1, 2024. - The bonds sold for $754,210,889 and mature on December 31, 2043 (20 years). - For bonds of similer risk and maturity the market yield wos 11%. - Interest is poid semiannually on June 30 and December 31. - Federol determines interest ot the effective rote. - Federal elected the option to report these bonds at their fair volue. - On December 31,2024 , the foir value of the bonds was $740 million as determined by their market value in the over-the-counter morket. Assume the fair value of the bonds on December 31,2025 , hod risen to $746 million. Required: Complete the below table to record the following journal entries. 1. \& 2 Prepore the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 bolance sheet, and record interest on June 30, 2025, December 31, 2025, and odjust the bonds to their fair value for presentation in the December 31, 2025, bslance sheet. Federal determined that none of the change in fair volue in 2024 wos due to o decline in general interest rates and one-half of the increase in fair volue in 2025 wos due to a decline in general interest rates. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31,2025 , balance sheet. Federal determined that none of the change in fair value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates. Note: Round intermediate calculations to nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Federal Semiconductors issued 10\% bonds, dated Janusry 1, with o face omount of $820 million on Janusry 1, 2024. - The bonds sold for $754,210,889 and mature on December 31, 2043 (20 years). - For bonds of similar risk and maturity the market yield wos 11%. - Interest is paid semiannually on June 30 and December 31. - Federol determines interest ot the effective rote. - Federal elected the option to report these bonds at their fair volue. - On December 31, 2024, the foir value of the bonds was $740 million as determined by their market volue in the over-the-counter morket. Assume the fair value of the bonds on December 31,2025 , had risen to $746 million. Required: Complete the below table to record the following journal entries. 1. \& 2 Prepore the journal entries to record interest on June 30, 2024, December 31,2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 bolance sheet, and record interest on June 30, 2025, December 31, 2025, and odjust the bonds to their fair velue for presentstion in the December 31, 2025, bslance sheet. Federol determined thet none of the chsnge in fair volue in 2024 wos due to 0 decline in general interest rates and one-half of the increase in fair volue in 2025 wos due to o decline in generol interest rotes. Complete this question by entering your answers in the tabs below. Complete the below table to determine the amounts for the joumal entries. Note: Negative amount should be indicated by a minus sign. Round intermediate calculations and final answers to the nearest whole dollars. Federal Semiconductors issued 10\% bonds, dated Janusry 1, with o face omount of \$820 million on Janusry 1, 2024. - The bonds sold for $754,210,889 and mature on December 31, 2043 (20 years). - For bonds of similer risk and maturity the market yield wos 11%. - Interest is poid semiannually on June 30 and December 31. - Federol determines interest ot the effective rote. - Federal elected the option to report these bonds at their fair volue. - On December 31,2024 , the foir value of the bonds was $740 million as determined by their market value in the over-the-counter morket. Assume the fair value of the bonds on December 31,2025 , hod risen to $746 million. Required: Complete the below table to record the following journal entries. 1. \& 2 Prepore the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 bolance sheet, and record interest on June 30, 2025, December 31, 2025, and odjust the bonds to their fair value for presentation in the December 31, 2025, bslance sheet. Federal determined that none of the change in fair volue in 2024 wos due to o decline in general interest rates and one-half of the increase in fair volue in 2025 wos due to a decline in general interest rates. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31,2025 , balance sheet. Federal determined that none of the change in fair value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates. Note: Round intermediate calculations to nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field