Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2024. . The bonds sold for $739,813,200 and mature on December 31, 2043 (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, 2024, interest on June 30, 2024 (at the effective rate) and interest on December 31, 2024 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2024, balance sheet?

Record the issuance of the bond on January 1, 2024. Note: Enter debits before credits. Federal Semiconductors lssued 11 \& bonds, dated January 1, with a foce amount of $800 milition on January 1, 2024 - The bonds sold for $739,813,200 and mature on December 34,2043 (20 ynars). - For bonds of nimilar risk and maturity the macket yield was 12% - Interest is paid semiannually on June 30 and December 31 . Required: reteg) and interest on December 31, 2024 (at the effectiven nite). 4. At what amount will Federal report the bonds among its fiabilites in the Ducember 31, 2024, balance stied? Complate this question by entering your answers in the tahs below. 3ri, 2024 (at: the effective roter): fanwers to then nearesi whole doithat Record the interest on December 31,2024 (at, the effective rake). Noten tenter debits before credits 4. At what amount will Federal report the bonds among its liabilities in the Decomber 31, 2024, balance sheet? Complete this question by entering your answers in the tabs below. At what amount will Federal report the bonds among its liabilities in the December 31, 2024, balance pheet? Notes Round Your final annwers to the nearest whole dollar: Record the interest on June 30,2024 (at the effective rate). Note: Enter debits before credits