Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $760 million on January 1, 2018. The bonds sold for $699,022,160 and mature on December 31, 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 at the effective rate) and interest on December 31, 2018 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2018, balance sheet? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 at the effective rate) and interest on December 31, 2018 (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 Reg 1 to 3 Reg 4 Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 at the effective rate) and Interest on December 31, 2018 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 Reg 1 to 3 Reg 4 Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 (at the effective rate) and interest on December 31, 2018 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 Record the interest on June 30, 2018 (at the effective rate). Note: Enter debits before credits General Journal Debit Credit Date June 30, 2018 Reg 1 to 3 Reg 4 Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 at the effective rate) and Interest on December 31, 2018 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