Duval Company issues four-year bonds with a $119,000 par value on January 1, 2021, at a price of $114,840. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Record the interest payment and discount amortization on June 30, 2021. Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded).

Record the interest payment and discount amortization on December 31 , 2021. Hote: Enter debits before credits. journal entry worksneer Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note: Enter debits before credits