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Joaquin's Company is a high-ranking consulting firm located on Wall Street. Joaquin's Company is planning to issue bonds with a face value of $720,000 and

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Joaquin's Company is a high-ranking consulting firm located on Wall Street. Joaquin's Company is planning to issue bonds with a face value of $720,000 and a coupon rate of 7,5 percent. The bonds mature in 4 years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. Joaquin' Company uses the effective-interest amortization method end also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (EV of S1. PV of S1. EVA. of S1, and PVA of S0 (Use the appropriate foctor(s) from the tables provided. Round your final enswer 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 Lla report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. 1.82. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. (If no entry bi required for a transaction/event, nelect "No journal entry requilred" In the first account fiold.) Journal entry worksheet Phecord the iseuance of bonds. Complete this question by entering your answers in the tabs below. What bonds payable amount wail Pack report on its June 30 balance sheet? (Enter all amounts as positive values.)

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