Question: Required information E10.9 (Algo) (Chapter Supplement) Recording and Reporting a Bond Issued at a Discount (without Discount Account) LO10-4 [The following information applies to the

Required information E10.9 (Algo) (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.] Denzel Corporation is planning to issue bonds with a face value of $690,000 and a coupon rate of 7.5 percent. The bonds mature in 4 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 does not use 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 \$1) NOte: Use appropriate factor(s) from the tables provided. E10-9 Part 3 3. What bond payable amount will Denzel report on its June 30 balance sheet? Note: Round your intermediate calculations and final answers to whole dollars

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