Subject: acounting Agee Technology, Incorporated, issued 9% bonds, dated January 1, with a face amount of $460 million on July 1,2024, at a price of $450 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paidsemi-annually on June 30 and December 31.Required:Prepare tl Cash Paid y to record interest at the effective interest rate at December 31. What would be theamount(s) related to the bonds that Agee would report in its statement of cash flows for the year endedDecember 31, 2024, if it uses the direct method?Complete this question by entering your answers in the tabs below.GeneralJournalCash PaidPrepare the journal entry to record interest at the effective interest rate at December 31.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Entermillions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).View transaction listJournal entry worksheet< 1Record interest payment at December 31, 2024.Note: Enter debits before credits.DateDecember 31Record entryGeneral journalClear entry< General JournalDebitCreditView general journalCash Paid

The cash flow statement refers to the statement showing the movement of cash in and out through the…

Agee Technology, Incorporated, issued 9% bonds, dated January 1, with a face amount of $460 million on July 2024, at a price of $450 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31. Required: Prepare tl Cash Paid y to record interest at the effective interest rate at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2024, if it uses the direct method? Complete this question by entering your answers in the tabs below.