When 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 $2024$:

New Securities Issues

Corporate

National Equipment Transfer Corporation$$$$204$ million bonds via lead managers Second Tennessee Bank N$.$A$.$ and Morgan, Dunavant & Company, according to a syndicate official. Terms: maturity, December $15,2033$; coupon $7\mathrm{.}5\%$; issue price, par; yield, $7\mathrm{.}5\%$; noncallable; debt ratings: Ba$-1($Moody$\text{'}$s Investors Service, Incorporated$),$ BBB$+($Standard & Poor's$).$

IgWig Incorporated$$$$354$ million of notes via lead manager Stanley Brothers, Incorporated, according to a syndicate official. Terms: maturity, December $1,2035$; coupon, $6\mathrm{.}5\%$; Issue price, $99$; yield, $6\mathrm{.}6\%$; call date, NC; debt ratings: Baa$-1($Moody$\text{'}$s Investors Service, Incorporated$),$ A $($Standard & Poor's$).$

Required:

Prepare the appropriate journal entries to record the first semiannual interest payment for both issues.