E10-9 (Static) (Chapter Supplement) Recording and Reporting a Bond Issued at a Discount (without Discount Account) LO10-4 [The following information applies to the questions displayed below] Park Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in four 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 does not use a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of \$1. PV of \$1. EVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) References Awarth 10.00 patits E10-9 Part 1 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. Round your final answers to whole dollars.) Journal entry worksheet Record the ladunce of bonds. bote Eitar anbens befies trom