Park Corporation is planning to issue bonds with a face value of $630,000 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. Park uses the effective-interest amortization method and also uses a discount 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. Round your final answer to whole dollars.) Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Check my Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journa entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the issuance of bonds. Note: Enter debits before credits. Date January 01 General Journal Debit Credit 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.) View transaction list Journal entry worksheet < 1 Record the interest payment on June 30 using effective-interest amortization. Note: Enter debits before credits. Date June 30 General Journal Debit Credit 3. What bond payable amount will Park report on its June 30 balance sheet? (Enter all amounts with a pos PARK CORPORATION Balance Sheet (Partial) Long-term liabilities At June 30