On January $1$ of this year, Kona Corporation sold bonds with a face value of $$1,570,000$ and a coupon rate of $7$ percent. The bonds

mature in four years and pay interest semiannually every June $30$ and December $31.$ Kona uses the straight$-$line amortization method

and also uses a premium account. Assume an annual market rate of interest of $6$ percent. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

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

Required:

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

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

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

Required $1$

and $2$

Required $3$

What bonds payable amount will Kona report on its June $30$ balance sheet? $($Round your intermediate calculations and final

answers to whole dollars.$)$