Universal Foods issued $8\%$ bonds, dated January $1,$ with a face amount of $$100$ million on January $1,2024.$

The bonds mature on December $31,2038(15$ years$).$

The market rate of interest for similar issues was $10\%.$

Interest is paid semiannually on June $30$ and December $31.$

Universal uses the straight$-$line method.

Required:

Determine the price of the bonds at January $1,2024.$

to $4.$ Prepare the journal entries to record their issuance by Universal Foods on January $1,2024,$ interest on June $30.2024$ interest on December $31,2031.$

Note: Use tobles, Excel, or a financial colculator, $($EV of $$1,$ PV of $$1,$ EVA of $$1,$ PVA of $$1,$ EVAD of $$1$ and PVAD of $$1)$

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Hey $2$ to $4$

Prepare the journal entries to record their issuance by Universal Foods on January $1,2024,$ interest on June $30,2024$ and interest on December $31,2031.$

suche: Round vour final answers to the nearest whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2$ to $4$

Prepare the journal entries to record their issuance by Universal Foods on January $1,2024,$ interest on June $30,2024$ and interest on December $31,2031.$

Note: Round your final answers to the nearest whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journa entry required" in the first account field.

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$\backslash$table$[[$No$,$Date,General Journal,,Debit,Credit$],[1,$January $01,2024,$Cash,,$1,653,977,300x,],[,,$Discount on bonds payable,,$1,553,977,600,],[,,$Bonds payable,$,,1,000,000,000],[2,$June $30,2024,$Interest expense,$0,9,799,253,],[,,$Discount on bonds payable,$6,,5,799,2538],[,,$Cash,$0,,4,000,000],[,,,,,],[3,$December $31,20-,$Interest expense,$0,9,799,253,],[,,$Discount on bonds payable,,,$5,799,253]]$

the numbers with the red x circled are wrong can you help me with the right answers