Denzel Corporation is planning to issue bonds with a face volue of $710,000 and a coupon rate of 7.5 percent. The bonds moture in 8 vears and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this yoar. Denzel uses the effective-interest amortization method and also uses a discount occount. Assume on annual market rate of interest of 8.5 percent. EV of S1. PV of \$1. EVA of Si, and PVA of \$1) Note: Use oppropriate factoris) 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 payoble 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 fune 3o of this year. (IItno entiy is required for a transaction/event, select "No Joumal enty required" in the first account feld. Round your finat answers to whole dollars.) Journal entry worksheet 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 is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to whole dollars.) Journal entry worksheet 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 is required for a transaction/event, select "No journal 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 amortization. Note: Enter dellts belore crodits. Denzel Corporation is planning to 1 ssue bonds with a face value of $710.000 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 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. 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.) Denzel Corporation is planning to issue bonds with a face volue of $710,000 and a coupon rate of 7.5 percent. The bonds moture in 8 vears and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this yoar. Denzel uses the effective-interest amortization method and also uses a discount occount. Assume on annual market rate of interest of 8.5 percent. EV of S1. PV of \$1. EVA of Si, and PVA of \$1) Note: Use oppropriate factoris) 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 payoble 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 fune 3o of this year. (IItno entiy is required for a transaction/event, select "No Joumal enty required" in the first account feld. Round your finat answers to whole dollars.) Journal entry worksheet 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 is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to whole dollars.) Journal entry worksheet 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 is required for a transaction/event, select "No journal 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 amortization. Note: Enter dellts belore crodits. Denzel Corporation is planning to 1 ssue bonds with a face value of $710.000 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 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. 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.)
