Universal Foods issued 10% bonds, dated January 1, with a face amount of $170 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2028.

please help with my June 30 and Dec 31... thank you very much

Record the interest on June 30, 2021. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 649,989 Interest expense Discount on bonds payable 649,989 8,500,000 Cash Record entry Clear entry View general journal Record the issuance of the bond on January 1, 2021. Note: Enter debits before credits. Credit Date General Journal January 01, 2021 Cash Discount on bonds payable Bonds payable Debit 150,500,320 19,499,680 170,000,000 Record entry Clear entry View general journal 1 2 3 Record the interest on December 31, 2028 Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2028 9,061,820 Interest expense Discount on bonds payable Cash 561,820 8,500,000 Record entry Clear entry View general journal