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Duval Company issues four-year bonds with a $120,000 par value on January 1, 2021, at a price of $115,830. The annual contract rate is 7%,

Duval Company issues four-year bonds with a $120,000 par value on January 1, 2021, at a price of $115,830. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds

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