9 E10-23 (Static) (Chapter Supplement) Recording and Reporting a Bond Issued at a Premium (Straight- Line Amortization without a Premium Account) LO 10-5 10 points On January 1 of this year, Victor Corporation sold bonds with a face value of $1,400,000 and a coupon rate of 8 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor uses the straight-line amortization method and does not use a premium account. Assume an annual market rate of interest of 6 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 answers to whole dollars.) eBook Required: 1.&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 Victor report on its June 30 balance sheet? Hint Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Reg 3 0 References What bonds payable amount will Victor report on its June 30 balance sheet? VICTOR CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities Bonds payable $ 1,039,256 1,039,256 > Mc 9 E10-23 (Static) (Chapter Supplement) Recording and Reporting a Bond Issued at a Premium (Straight- Line Amortization without a Premium Account) LO 10-5 10 points On January 1 of this year, Victor Corporation sold bonds with a face value of $1,400,000 and a coupon rate of 8 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor uses the straight-line amortization method and does not use a premium account. Assume an annual market rate of interest of 6 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 answers to whole dollars.) eBook Required: 1.&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 Victor report on its June 30 balance sheet? Hint Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Reg 3 0 References What bonds payable amount will Victor report on its June 30 balance sheet? VICTOR CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities Bonds payable $ 1,039,256 1,039,256 > Mc