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Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $760 million on January 1, 2021. The bonds sold for $699,022,160 and

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Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $760 million on January 1, 2021. The bonds sold for $699,022,160 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yleld was 11%. 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. Reg 1 to 3 Reg 4 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 Journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction lit Journal entry worksheet 1 2 3 Record the issuance of the bond on January 1, 2021. General Journal Debit Credit January 01, 2021 Maced Clearly View general mal Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $760 million on January 1, 2021. The bonds sold for $699,022160 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 17%. Interestis pald 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 wil 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. Reg 1 to 3 Reg 4 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 journal entry required in the first account feld. Enter your answers in whole dollars.) View transaction ist Journal entry worksheet Record the interest on June 30, 2021 (at the effective rate). te Frer det best General Journal Debe Crede June 30, 2021 Cleantry Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $760 million on January 1, 2021. The bonds sold for $699,022,160 and mature on December 31, 2040 (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 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. Reg 1 to 3 Reg 4 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 journal entry required In the first account field. Enter your answers in whole dollars.) View transaction ist Journal entry worksheet 1 2 31 Record the interest on December 31, 2021 (at the effective rate), Note Enter debit before credits General Journal Detail December 31, 2021 Credit Recordatory Clearany View general journal Federal Semiconductors issued 10% bonds, dated Januaryt with a face amount of $760 million on January 2021 The bonds sold for 5699,022 160 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the martiat yield was interest 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 4. At what amount wil Federal report the bonds among its abilities in the December 31, 2021, balance sheet Complete this question by entering your answers in the tabs below. Reg 1 to 3 Rects At what amount will Federal report the bonds among its fiabilities in the December 31, 2021, balance sheet (enter your answers in whole dollars) Parod End Cash Interest Paid Bond Interest Expense Discount Amortisation Carrying Value 01/01/2021 06/30/2021 1231/2021

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