Ch 10 Ex 10-7 Seved Help S 2 Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 (The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Part 2 of 3 Exercise 10-7 Part 2 5 points 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) eBook View transaction list Hint Journal entry worksheet Print Record the interest payment and discount amortization on June 30, 2019. lo References Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 Bond interest expense Cash Discount on bonds payable Record entry Clear entry View general journal 3 Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 {The following information applies to the questions displayed below.) Part 3 of 3 Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99.000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 5 points Exercise 10-7 Part 3 Skipped 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). View transaction list eBook Journal entry worksheet Hint 1 Print Record the entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). References Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2022 Record entry Clear entni View annerlinurnal Ch 10 Ex 10-7 Saved 1 Part 1 of 3 Required information Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 (The following information applies to the questions displayed below.) 10 points Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 eBook 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Hint Semiannual Period-End 1/01/2019 6/30/2019 Unamortized Discount S 4,000 3,500 Carrying Value 99,000 $ Print 99,500 12/31/2019 3,000 100,000 References 6/30/2020 2,500 100,500 12/31/2020 2.000 101,000 6/30/2021 1,500 101.500 12/31/2021 1.000 102.000 6/30/2022 500 102,500 12/31/2022 0 103,000 Ch 10 Ex 10-7 Saved Help s 2 Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99.000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Part 2 of 2 5 points Exercise 10-7 Part 2 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) eBook Vlew transaction list Hint Journal entry worksheet Print [ References Record the Interest payment and discount amortization on December 31, 2019 Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 OneDrive Record entry Clear entry View general journal Screen The ser
