nces Saved Green Mountain Power Company obtained authorization to Issue 20-year bonds with a face value of $10 million. The bonds are dated May 1, 2021, and have a contract rate of interest of 10 percent. They pay interest on November 1 and May 1. The bonds were issued on August 1, 2021, at 100 plus three months' accrued interest Required: Prepare the necessary journal entries in general journal form on the following. e. August 1, 2021, to record the issuance of the bonds. b. November 1, 2021, to record the first semiannual interest payment on the bond issue. c. December 31, 2021, to record interest expense accrued through year-end. (Round to the nearest dollar) d. May 1, 2022, to record the second semiannual interest payment. (Round to the nearest dollar) e. What was the prevailing market rate of interest on the date that the bonds were issued? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount. Enter your answer in dollars not millions.) Complete this question by entering your answers in the tabs below. Req A to D Req E View transaction list Journal entry worksheet 1 2 3 Record the issuance of the bonds. Note: Enter debits before credits Date Aug 01, 2021 General Journal Debit Credit Req A to D Req E View transaction list Journal entry worksheet 2 E 3 4 Record the first semiannual interest payment on the bond issue. Note: Enter debits before credits. Date Nov 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Req A to D Req E > he nearest dollar amount. Enter your answer in dollars not millions.) Complete this question by entering your answers in the tabs below. Req A to D Req E View transaction list Journal entry worksheet < 1 2 E 4 Record interest expense accrued through year-end. Note: Enter debits before credits. Date Dec 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal the earest amount. Enter your answer in dollars not millions.) Complete this question by entering your answers in the tabs below. Req A to D Req E View transaction list Journal entry worksheet < 2 3 Record the second semiannual interest payment. Note: Enter debits before credits. Date May 01, 2022 General Journal Debit Credit Record entry Clear entry View general journal Reg Ato b Req E > Green Mountain Power Company obtained authorization to issue 20-year bonds with a face value of $10 million. The bonds are dated May 1, 2021, and have a contract rate of interest of 10 percent. They pay interest on November 1 and May 1. The bonds were issued on August 1, 2021, at 100 plus three months' accrued interest. Required: Prepare the necessary journal entries in general journal form on the following. a. August 1, 2021, to record the issuance of the bonds b. November 1, 2021, to record the first semiannual interest payment on the bond issue. c. December 31, 2021, to record interest expense accrued through year-end. (Round to the nearest dollar) d. May 1, 2022, to record the second semiannual interest payment. (Round to the nearest dollar) e. What was the prevailing market rate of interest on the date that the bonds were issued? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount. Enter your answer in dollars not millions.) Complete this question by entering your answers in the tabs below. Req A to D Req E What was the prevailing market rate of interest on the date that the bonds were issued? Prevailing market rate of interest %