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Duval Company issues four-year bonds with a $106,000 par value on January 1, 2021, at a price of $100,944. The annual. contract rate is 8%,

Duval Company issues four-year bonds with a $106,000 par value on January 1, 2021, at a price of $100,944. The annual. contract rate is 8%, and interest is paid semi-annually on June 30 and December 31 . 


Prepare a straight-line amortization table for these bonds.

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I Working i Discount on bonds payable 106000 100944 5056 ii Number of semiannual peri... blur-text-image

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