Required 1 and 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 Park report on its June 30 balance sheet Park Corporation is planning to issue bonds with a face value of $2,400,000 and a coupon rate of 9 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 7 5 percent (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note Use appropriate factor(s) from the tables provided Required 1 and 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 Park report on its June 30 balance sheet Complete this question by entering your answers in the tabs below Prepare the journal entry to record the issuance of the bonds and the interest payment on June 30 of this year Note If no entry is required for a transaction event, select No journal entry required in the first account field Round your intermediate calculations and final answers to whole dollars Show less Journal entry worksheet Record the issuance of the bonds Note Enter debits before credits Park Corporation is planning to issue bonds with a face value of $2,400,000 and a coupon rate of 9 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 7 5 percent (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note Use appropriate factor(s) from the tables provided Required 1 and 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 Park report on its June 30 balance sheet Complete this question by entering your answers in the tabs below What bonds payable amount will Park report on its June 30 balance sheet Note Round your intermediate calculations and final answers to whole dollars

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Required  1  and 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 Park report on its June 30 balance sheet  Park Corporation is planning to issue bonds with a face value of $2,400,000 and a coupon rate of 9 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 7 5 percent  (FV of  $1, PV of  $1, FVA of  $1, and PVA of  $1) Note  Use appropriate factor(s) from the tables provided  Required  1  and 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 Park report on its June 30 balance sheet  Complete this question by entering your answers in the tabs below  Prepare the journal entry to record the issuance of the bonds and the interest payment on June 30 of this year  Note  If no entry is required for a transaction event, select  No journal entry required  in the first account field  Round your intermediate calculations and final answers to whole dollars  Show less Journal entry worksheet Record the issuance of the bonds  Note  Enter debits before credits  Park Corporation is planning to issue bonds with a face value of $2,400,000 and a coupon rate of 9 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 7 5 percent  (FV of  $1, PV of  $1, FVA of  $1, and PVA of  $1) Note  Use appropriate factor(s) from the tables provided  Required  1  and 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 Park report on its June 30 balance sheet  Complete this question by entering your answers in the tabs below  What bonds payable amount will Park report on its June 30 balance sheet  Note  Round your intermediate calculations and final answers to whole dollars

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Required: 1. and 2. Prepare the journal entry to record the issuance of the bonds and the interest payment on June 30 of this year

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