Chapter 10 homework Help Save & Exit Sut Check my wa Park Corporation is planning to issue bonds with a face value of $770,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1or this year. Park uses the effective-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. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) points Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list 101 Journal entry worksheet Record the issuance of bonds. Note: Enter debits before credits General Journal Date Debit Credit January 01 View general journal Record entry ey 1 of 14 !! Next > Chapter 10 homework Help Save & Exit Sut Check my wa Park Corporation is planning to issue bonds with a face value of $770,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1or this year. Park uses the effective-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. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) points Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list 101 Journal entry worksheet Record the issuance of bonds. Note: Enter debits before credits General Journal Date Debit Credit January 01 View general journal Record entry ey 1 of 14 !! Next >