Park Corporation is planning to issue bonds with a face value of $790,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31. A of the bonds were sold on 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.) 1 of this year Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of 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.) Journal entry worksheet Record the issuance of bonds Note: Enter debits before credits. January 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.) Journal entry worksheet Becosd themeterest SEnt on June smot2atorective-interes Note: Enter debits before credits. 3. What bond payable amount wll Park report on its June 30 balance sheet? (Enter all amounts with a positive sign.) Balance Sheet (Pa Long-term liabilit 291284 08 10 32 18 2 81 00 15 35 68 24 11 2 1-1. 1 1 1 1 2 2 2 3 3 3 4 4 5 6. 779 10.-21. 39 73 52 05 87 77 7535-78 00 10 51 56 72 59 95 74 12 10 30 60 01 52 4 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 123456789 10 11 2 3 4 5 6 7 8 9 20 25 30 0. 0000 0. 0 0 0 0 0 0 0 0 0 0 0 0 70 25 88 90 08 57 81 51 59 16 46 89 71 10 89 80 56 95 76 79 % 96 15 05 32 76 32 06 16 88 59 70 71 16 68 89 50 1-0. 0 0 0 0 0 0 0. 0 0 0 0 0 0 0 0 0 0 0 0 0 83 80 77 74 71 69 66 38 95 12 86 17 43 68 8 3 3 2 3 8 3 4 s5 18 5 4 7 7 99 9 3 9 3 000000000 O. 0 0 0 |00000000000000000000 0. 0. 000000000000000 0. 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 Periods 9.18995 42.75328 46.67173 50.9803555.71747 87.44213 138.10855 6.01846 511590956.93949 63.43968 70.74941 78 96923 882181 15474000 273.55576 4.20283 72.0524480.94683 91.02493 102.44358 186.68800 342.94470 98.34706 114.41331 133.33387 155.6195618187083 212.79302 471.98108 1054.79118 13.28321 136.30754 164.49402 199.02088 241.33268 293.19922 356.78685 434.74515 1181.8815 3227.17427 333331 4440 42 58 72 84 95 04 12 19 25 46 56 5. 6. 7 7 8 8 9 9 0 0 1 1 %| 96 10 15 4 3 55 6 7 6 2 4 65 81 49 38 88 09 91 97 75 1-0. 1 2 2 3 3 4 4 5 5 5. 3384 76 3-0. 1 2 3 4 5 6 6 8 8 9 1 0 1 1 2 2 3 3 67 24 59 85 4 3 261 87 03 46 43 01 2. 6 7 8 8 0 1 2 2 3 4 1 1 1 1 22 4 43 11 29 72 25 66 19 73 90 15 37 64 89 60 15 78 78 0. 1 2 3 3 4 5 5 6 6 7780i 9. 9. 9. 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30 123456789 10 1 2 3 4 5 6 7 8 9 20 25 30