Shana Corporation is planning to issue bonds with a face value of $680,000 and a coupon rate of 7.5 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Shana 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.&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 Shana report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 1.82. 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.) View transaction list Journal entry worksheet 1 2 View transaction list Journal entry worksheet < 1 2 Record the issuance of bonds. Note: Enter debits before credits. Date January 011 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 Record the payment of interest on June 30 using the effective-interest amortization method. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal < Prev 17 of 25 Next >