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help plz Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval Company

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Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $113,000 par value on January 1, 2021, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount. Duval Company issues four-year bonds with a $113,000 par value on January 1, 2021, at a price of $108,855. The annual contract rate is 6%, 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. Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $113,000 par value on January 1,2021, at a price of $108,855. The annual contract rate is 6%, and interest is poid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 3 Prepare the joumal entry for maturity of the bonds on December 31,2024 (assume semiannual interest is already recorded)

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