When companies offer new debt security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the debt offerings reported in December $2024$:

New Securities Issues

Corporate

National Equipment Transfer Corporation$-$ $$218$ million bonds via lead managers

Second Tennessee Bank N$.$A$.$ and Morgan, Dunavant & Company, according to a

syndicate official. Terms: maturity, December $15,2033$; coupon $7\mathrm{.}64\%$; issue

price, par; yield, $7\mathrm{.}64\%$; noncallable; debt ratings: Ba$-1($Moody$\text{'}$s Investors

Service, Incorporated$),$ BBB$+($Standard & Poor's$).$

IgWig Incorporated$-$ $$368$ million of notes via lead manager Stanley Brothers,

Incorporated, according to a syndicate official. Terms: maturity, December $1,$

$2035$; coupon, $6\mathrm{.}64\%$; Issue price, $99$ ; yield, $6\mathrm{.}74\%$; call date, NC; debt

ratings: Baa$-1($Moody$\text{'}$s Investors Service, Incorporated$),$ A $($Standard &

Poor's$).$

Required:

Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs and assume no accrued interest.

Prepare the appropriate journal entries to record the first semiannual interest payment for both issues.

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

Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs and assume no accrued interest.

Note: Enter your answers in whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

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