Question: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $900 million on July 1, 2021, at a price of $890


Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $900 million on July 1, 2021, at a price of $890 million For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31 Required: Prepare the journal entry to record interest at the effective interest rate at December 31. What would be the amounts related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021. if it uses the direct method? Complete this question by entering your answers in the tabs below. General Journal Casti Paid Prepare the journal entry to record interest at the effective Interest rate at December 31. (If no entry is required for a transaction/event select "No journal entry required in the first account field Enter your answers in millions rounded to 1 decimal place dle, 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet
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