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please solve Denzel Corporation is planning to issue bonds with a face value of $610,000 and a coupon rate of 7.5 percent. The bonds mature
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Denzel Corporation is planning to issue bonds with a face value of $610,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. Denzel uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. IFV of S1, PV of S1. EVA of S1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required: 1. and 2. Preplre the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. . 3. What bonds payable amount will Denzel report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. (If required for a transaction/event, select "No journal entry required" in the first account feld. Round your final answers to - If Fiture Volve of Anouly of \$1 1. and 2. Prepare the journal entries 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. Round your final answers to whole dollars.) Journal entry worksheet 1. and 2. Prepare the journal entries 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. Round your final answers to whole dollars.) Journal entry worksheet Record the interest payment on June 30 using effective-interest amortization. Note: Enter debits before credits. years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. Denzel uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (EV of \$1. PV of \$1. EVA of \$1, and PVA of S1). Note: Use appropriate factor(s) from the tables provided. Required: 1. and 2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. 3. What bonds payable amount will Denzel report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. What bonds payable amount will Denzel report on its June 30 balance sheet? (Enter all amounts as positive values, Round your intermediate calculations and final answers to whole dollars.) Step by Step Solution
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