On December 31,2023 , Wildhorse Corp. had a \$10-million, 8.50% fixed-rate note outstanding that was decided to enter into a two-year swap with First Bank to convert the fixed-rate debt to floating-rate dek specified that Wildhorse will receive interest at a fixed rate of 8% and will pay a variable rate equal to th on the $10-million amount. The LIBOR rate on December 31,2023 , was 7.50%. The LIBOR rate will be r be used to determine the variable rate to be paid for the following six-month period. Wildhorse designa: hedge. Assume that the hedging relationship meets all the conditions necessary for hedge accounting ar The six-month LIBOR rate and the swap and debt fair values were as follows: (b) Present the journal entries to record the following transactions. (Credit account titles are automatically entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 fo. entries before credit entries.) 1. The entry, if any, to record the swap on December 31,2023 2. The entry to record the semi-annual debt interest payment on June 30,2024 3. The entry to record the settlement of the semi-annual swap amount receivable at 8.50%, less LIBOR, 7.50% 4. The entry, if any, to record the change in the swap's fair value at June 30,2024 5. The entry, if any, to record the change in the debt's fair value at June 30,2024