Required information [The following information applies to the questions displayed below] Denzel Corporation is planning...
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Required information [The following information applies to the questions displayed below] Denzel Corporation is planning to issue bonds with a face value of $790,000 and a coupon rate of 7.5 percent. The bonds mature in 6 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. (FV of S1. PV of \$1. EVA of \$1, and PVA of \$11) NOte: Use appropriate factor(s) from the tables provided. 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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