Exercise $10-7($Algo$)$ Straight$-$Line: Amortization table and bond interest expense LO P$2$

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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 $8\%,$ 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.