2. Prepare the journal entry to record the interest payment on June 30 of this year. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) Park Corporation is planning to issue bonds with a face value of S760,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31 All of the bonds were sold on January 1 of this year. Park uses the eftective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1. FVA of $1, and PVA of S1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) View transaction list Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, slect "No journal entry required" in the first account field.) Journal entry worksheet View transaction list Record the interest payment on June 30 using effective-interest amortization. Journal entry worksheet Note: Enter debits before credits Record the issuance of bonds. Date General Journal Debit Credit June 30 Note: Enter debits before credits. Date General Journal Debit Credit January 01 3. What bond payable amount will Park report on its June 30 balance sheet? a positive sign.) PARK CORPORATION Balance Sheet (Partial) At June 30 Record entry Clear entry View general journal Long-term liabilities