Problem 10.5A (Static) Bond Interest (Bonds Issued at Face Value) (LO10-5) Green Mountain Power Company obtained authorization to issue 20 -year bonds with a face value of $10 mitlion. The bonds are dated May 1,2021, and have a contract rate of interest of 10 percent. They pay interest on November 1 and May 1 The bonds were issued on August 1, 2021, at 100 plus three months' accried interest Required: Prepare the necessary joumal entries in general journal form on the following o. August 1, 2021, to record the issuance of the bonds b. November 1,2021 , to tecord the first semannual interest payment on the bond issue c. December 31, 2021, to record interest expense accrued through year-end. (Round to the nearest -dollar) d. May 1, 2022, to record the second semiannual interest payment. (Round to the nearest dollar.) e. What was the prevailing market rate of interest on the date that the bonds were issued? (If no entry is required for o tronsoction/event, select "No journel entry required" in the first account field. Round your onswers to the nearest dollar amount. Enter your onswer in dollors not millions.) Complete this question by entering your answers in the tabs below