Question: 2.4 please help Exercise 14-11 (Static) Bonds; effective interest; adjusting entry [LO14-2] On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a

2.4 please help

Exercise 14-11 (Static) Bonds; effective interest; adjusting entry [LO14-2] On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $800,000. - The bonds sold for $731,364 and mature on January 31,2044 (20 years). - The market yield for bonds of similar risk and maturity was 10%. - Interest is paid semiannually on July 31 and January 31. - Strauss-Lombardi's fiscal year ends December 31. Required: 1. to 4. Prepare the journal entries to record their issuance by Strauss-Lombardi on February 1, 2024, interest on July 31, 2024 (at the effective rate), adjusting entry to accrue interest on December 31, 2024 and interest on January 31, 2025. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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