Vhen companies offer new debt security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the debt offerings reported in December 2024: lew Securities Issues lational Equipment Transfer Corporation- $217 nillion bonds via lead managers lecond Tennessee Bank N.A. and Morgan, Dunavant 8 Company, according to a yndicate official. Terms: maturity, December 15, 2033; coupon 7.638; issue irice, par; yletd, 7.63s; noncallable; debt ratings: Ba-1 (Moody's Investors iervice, Incorporated), B8B+ (Standard \& Poor's). gWig Incorporated- $367 million of notes via lead manager 5 tanley Brothers, ncorporated, according to a syndicate official. Terms: naturity, December 1 , 035; coupon, 6.38\%; Issue price, 99; yield, 6.48\%; call date, NC; debt atings: Baa-1 (Moody's Investors Service, Incorporated), A (Standard & 'oor's). Required: 1. Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs and assume no accrued interest. 2. Prepare the appropriate journal entries to record the first semiannual interest payment for both issues. Complete this question by entering your answers in the tabs below