Exercise 14-7 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 $120,000 par value on January 1, 2019, 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. Unamortized Discount Carrying Value Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 Journal entry worksheet 2 Record the interest payment and discount amortization on June 30, 2019. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2019 Journal entry worksheet