Question: Federal Semiconductors issued ( 11 x ) bonds, dated January 1 , with a foce amount of ( $ 800 ) million on January (

$Federal Semiconductors issued \$ 11 x \$ bonds, dated January 1$

Federal Semiconductors issued \$ 11 x \$ bonds, dated January 1 , with a foce amount of \$ \\$ 800 \$ million on January \$ 1,2024 \$. - The bonds sold for \$ \\$ 739,813,200 \$ and mature on December 31,2043 (20 years) - For bonds of similar risk and maturity the market yleid was \12. - Interest is paid semiannually on June 30 and December 31 . - Federal determines interest at the effective rate. - Federal elected the option to report these bonds at their foir value. - On December 31,2024 , the fair value of the bonds was \$ \\$ 730 \$ million as determined by their market value in the overithe-counter market. Assume the fair value of the bonds on December 31.2025, had risen to \$ \\$ 736 \$ million. Required: Complete the below table to record the following journat entries. 1. \\& 2. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their foir value for presentation in the December 31, 2024 balance sheet, and record interest on June 30,2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31, 2025, balance shoet. Federal determined that none of the change in foir value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to o decline in general interest rates. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fali value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31,2025 , bolance sheet. Federal determined that none of the change in fair value in 2024 was due to a decline in general interest rates and one.haif of the increase in fair value in 2025 was due to a decline in general interest rates. Note: Round intermediate calculations to nearest whole dollar. If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field Journal entry worksheet

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