Denzel Corporation is planning to issue bonds with a face value of $$800,000$ and a coupon rate of $7\mathrm{.}5$ 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 $1$ of this year. Denzel uses

the effective$-$interest amortization method and also uses a discount account. Assume an annual market rate of interest of $8\mathrm{.}5$ percent.

$(FV$ of $$1,PV$ of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

and $2.$ Prepare the journal entries to record the issuance of the bonds and interest payment on June $30$ of this year.

What bonds payable amount will Denzel report on its June $30$ balance sheet?

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

Required $1$

and $2$

Required $3$

and $2.$ Prepare the journal entries to record the issuance of the bonds and interest payment on June $30$ of this year. $($If no entry is

required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your final answers to whole dollars.$)$