The bonds sold for $$726,393,662$ and mature on December $31,2043(20$ years$).$

For bonds of similar risk and maturity the market yleld was $9\%$

Interest is pald semiannusly on June $30$ and December $31.$

Federal determines interest at the efficetive rate.

Federal elected the option to report these bonds at their falr value.

On December $31,2024,$ the fair value of the bonds was $$710$milion as determined by their mariet value in the overthe$-$counter market.

Assume the fair value of the bonds on December $31,2025,$ had risen to $$716$ million.

Required:

Complete the below table to record the following journs entries.

The bonds sold for $$726,393,662$ and mature on December $31,2043(20$ years$).$

For bonds of similar risk and maturity the market yleld was $9\%$

Interest is pald semiannusly on June $30$ and December $31.$

Federal determines interest at the efficetive rate.

Federal elected the option to report these bonds at their falr value.

On December $31,2024,$ the fair value of the bonds was $$710$milion as determined by their mariet value in the overthe$-$counter market.

Assume the fair value of the bonds on December $31,2025,$ had risen to $$716$ million.

Required:

Complete the below table to record the following journs entries.