Denzel Corporation is planning to issue bonds whh a face value of $670,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannualy every June 30 and December 31, All of the bonds were sold on January 1 of this year. Denzel uses the effective-interest omortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent BV of 51, PV of 51, EVA of Sti and eVA ot St Note: Use appropriate factoris) from the tables provided. Required: 1. and 2. Prepare the joumal entries to record the issuance of the bonds and interest payment an June 30 of this yeac. 3. What bonds poyable amodnt wil Denzel report on its dune 30 belance sheet? Complete this question by enterisg your answers in the tabs below. 1. bad 2. Propare the jodrul entries to recond the lisuance of the bonds and interes payment on line 30 of bhis yeac (if no entiy is Journal entry worksheet Denzel Corporation is planning to issue bonds with a face value of $670,000 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. Denzel 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) Note: Use appropriate factor(s) from the tables provided. Required: 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. 3. What bonds payable amount will Denzel report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. 1. and 2. Prepare the joumal entries to record the issuance of the bonds and interest payment on June 30 of this year. (If no entry is required for a transactionvevent, select "No joumal entry required" in the first account field. Round your final answers to whole dollars.) Journal entry worksheet Record the interest payment on June 30 using effective interest amertization. Notei Enter debirn hefare credts Denzel Corporation is planning to issue bonds with a face value of $670,000 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. Denzel uses the effective-interest amortization method and also uses a discount account. Assume an onnual msrket rate of interest of 8.5 percent. EV of \$1, PV of \$1, EVA of 51, and PVA of Si1 Note: Use appropriate factor(s) from the tables provided. Required: 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this yoar. 3. What bonds payable amount will Denzel report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. What bonds payable amount wili Denzel report on its lune 30 balance sheet? (Enter ali amounts as postive values. Hound Your intermediste cakutations and Einal answers to whole dollars.)
