On January 1 of this year, Victor Corporation sold bonds with a face value of $1,450,000 and a coupon rate of 7 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor 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) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) Required: 1.&2. Prepare the journal entry to record the issuance of the bonds and the interest payment on June 30 of this year. 3. What bonds payable amount will Victor report on its June 30 balance sheet? X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare the journal entry 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.) General Journal Debit Credit No 1 Date January 01 Cash Bond premium Bonds payable June 30 Interest expense Bond premium Cash On January 1 of this year, Victor Corporation sold bonds with a face value of $1,450,000 and a coupon rate of 7 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor 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) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) Required: 1.&2. Prepare the journal entry to record the issuance of the bonds and the interest payment on June 30 of this year. 3. What bonds payable amount will Victor report on its June 30 balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 What bonds payable amount will Victor report on its June 30 balance sheet? VICTOR CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities