Denzel Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in four 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. FVA 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 journal entries to record the issuance of the bonds and interest payment on June 30 of this year. (If no entry required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to whole dol Senzel Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds hature in four years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 f this year. Denzel uses the effective-interest amortization method and also uses a discount account. Assume an annual narket rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of \$1) lote: 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. 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. (If no entrn required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to whole do Journal entry worksheet 1 Record the interest payment on June 30 using effective-interest amortization. Denzel Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in four 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. FVA 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. What bonds payable amount will Denzel report on its June 30 balance sheet? (Enter all amounts as positive values. Round your intermediate calculations and final answers to whole dollars.)
