8 Part 2 of 3 .88 oints eBook Print References [Ine following information applies to the questions displayed below. Duval Company issues four-year bonds with a $115,000 par value on January 1, 2021, at a price of $110,888. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. View transaction list Journal entry worksheet

tine tomowing miormation appies to the questions ausplayed below, Duval Company issues four-year bonds with a $115,000 par value on January 1, 2021, at a price of $110,888. The annual contrect rate is 7%, and interest is paid semiannually on June 30 and December 31 . Exercise 10.7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet Record the interest poyment and discount amortization on June 30,2021. Note: Enter sebts before qedts