E10-8 (Algo) Recording and Reporting a Bond Issued at a Discount (with Discount Account) LO10-4 Park Corporation is planning to issue bonds with a face value of $610,000 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. Park uses the effective interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent (EV of $1. PV of S1. EVA of S1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1.82. 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 Park report on its June 30 balance sheet? Answer is not complete, Complete this question by entering your answers in the tabs below. Regt and 2 Rea 1.62. 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) NO Credit 1 January 01 General Journal (Cash Discount on bondis payable Bands payable Dahit 520,119 22,875 810,000 Req3 > Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion E10-8 (Algo) Recording and Reporting a Bond Issued at a Discount (with Discount Account) L010-4 Park Corporation is planning to issue bonds with a face value of $610,000 and a coupon rate of 75 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. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent (EV of $1. Py of SLEVA of S1, and PVA of $1] (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars) Required: 1.82. 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 Park report on its June 30 balance sheet? Answer is not completo Complete this question by entering your answers in the tabs below. Reg1 and 2 Reg 3 What bondu payable amount will Park report on its June 30 balance sheet? (Enter all amounts as positive values.) PARK CORPORATION Balance Sheet (Partian Af June 30 Long-term liabilities Bonds payable Discount on bonds payable 0