Park Corporation is planning to issue bonds with a face value of $2,000,000 and a coupon rate of 10 percent. The bonds mature in 10 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 premium account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of 1 (Use the appropriate factor(s) from the tables provided.) 2. Prepare the journal entry to record the 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 answer to whole dollars.) View transaction list Journal entry worksheet Record the interest payment on June 30, using effective-interest amortization. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal 3. How will Park present its bonds on its June 30 balance sheet? (Round your final answer to whole dollars.) PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities 0 316076 14773 40538965 5174 12222223 82313 91877 11496 20 9 9 6 5 7 4 60 4 8 9 1111223 2657 25771 573567 63101373 31800639 521143 5679926 17795 9259 3377 2223344567890236 % 50 81 00 15 35 68 24 11 40 21 65 83 86 87 99 33 05 29 91 75 3838 74514 7621573 901521 1-1. 1 1 1 1 2 2 2 3 3 3 4 4 5 6 7 7 9011 3714537 04 08 12 16 21 26 31 36 42 48 53 60 66 73 3242 3445667 3738 333445567832 2 777236 971531186 2 013869 974187 86 16 50 89 3 8 6 9 8 2 2 289 06 13 247914 9371 311372 913579147 0123456789 1234567890123456789 123456789 2 23 42727 17723 11384 572 322111 2-0 % 33 44 70 25 88 90 08 57 81 51 59 16 46 89 91 09 07 56 30 08 48 21 0-348214 2314237 397803739631 3321 2-0 5544 3170 579 65443 2 776 .2 4 8 76 67 59 51 45 39 35 30 26 23 20 18 15 14 12 10 09 08 07 03 01 5% 3 013 26 66 202 son 5 ers 5 4 65 ces 12 39 sso 79 201 75 48 199 26 009 322 54444 939 542936 2594 197 54443 172 2 3 54 87655 332 2 2 2 8887 5544 51127610 0000000000000000000000 % 972537696569 815663737 795 83373731 4493 797 32 877 9 ri 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 1234567890123456789 Future Value of Annuity of $1 Perneds 3.15250 5.10101 5.63709 5.75074 6.15202 6.30812 .67480 8.58297 0.47503 10.69182 11.97799 10.46221 2.57789 3.18079 0.94972 12.16872 10 12.00611 13.66244 5.24309 4.97164 13.31288 481212 16.36757 5.91713 17.71298 9.59863 14.19203 3.80933 4.94742 13 4.68033 5.97394 17.29342 6.62684 18.88214 .01507 25.67253 14 17.08632 8.59891 20.15688 19.65565 21.39274 23.19497 20.02359 16 17 18 23.65749 25.84037 17.25786 20.01207 21.41231 23.69751 25.64541 27.67123 24.21298 28.21288 25.11687 26.87037 24.29737 33.06595 47.72710 66.43885 36.78559 20 25 40.27112 53.79924 47.57542 Periods .34210 6.10510 6.22780 6.48027 7.33593 8.92280 115 9299 106680 2.91590 13.72682 16.49908 8.75374 11.25879 1.43589 13.57948 15.93742 10.73049 13.23276 6.08535 12.75726 11.85943 14.16397 12.29969 25.80232 15.19293 20.30372 25.95868 24.34928 32.15042 29.00167 4.35192 48.49660 0.50471 59.19592 47.58041 72.03511 109.68684 5.71747 87.44213 138.10855 65.07509 105.93056173.63568 75.83636 128.11667218.04460 8821181 154.74000 273.55576 6.64549 18.97713 2.56613 54.20766 12 13 14 9.56143 20.65458 21.81432 23.04452 27.27075 32.08865 37.58107 7.27971 40.4174643.84241 4.13313 25.65018 28.029 29.98470 32.39260 34.88271 22.71319 24.21497 26.01919 30.09492 35.94973 40.54470 5.59917 39.18995 17 48.88367 53.73906 18 37.45024 1.44626 5.76196 3.10594 113.28321 50.39594 68.39407 0.74941 4.20283 7 2.05244 80.94683 91.02493 102.44358 186.68800 342.94470 98.34706 114.4133133.33387 155.61956 181.87083212.79302 471.98108 1054.79118 36.30754 164.49402 199.02088 241.33268293.19922 356.78685 434.74515 1181.88157 3227.17427 20 25 8685 434.74515 1181.88157 3227.17427 7957152 962 45404 3 9504937147 2 56778 0. 1 2 3 4 4 5 5 6 7 7 7 8 10 10 10 1 2 2 011222 3. 3 3 3 3 3. 3. 3 3 3 3 3 3 3 3 3 677 2 7 239 2 5272 45667788 1477 O. 1 2 3 4 4 5 6 6 7 7 8 8 9 9 0 0 0 1 1 2 3 712587367335 155 429 971231 32874 77921 572 0-953 8371 1-0. 1 2 2 3 3 4 4 4 5 5 5 5 5 5 5 6 6 6 6 6 6 0123455677889900112245 2733 3681349859 239 4676 34568 7 1-0. 1 2 2 3 3 4 4 4 5 5 5 5 66 0573517 1142567 17585 1477281 4383 382 66777 15653 1. 2 3456 6 7 8 8 9 9 0 1 1 2 2 3 3 57 207576 27351 78448 137 7438 39221714 691468912 % 671 1 0123344455566666777778 3-0. 1 2 3 4 5 6 6 7 8 890011223367 7776 2325 1409 2 771019 2327 2 7417383714 7561736 366 4801 7268874 19753185 9635 1 2 3 4 5 6 7 8 8 9 0 1 2 2 3 445692 3315 765 2 1 847 0-2871 2 7271 01233455667778889 | | 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 1234567890123456789