Federal Semiconductors issued 8% bonds, dated January 1, with a face amount of $830 million on January 1, 2016. The bonds sold for $753, 634, 356 and mature on December 31, 2035 (20 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Required: Prepare the journal entry to record their issuance by Federal on January 1, 2016, interest on June 31, 2016 (at the effective rate)