Journal Entry 2 Record the interest payment and discount amortization on December 31, 2019.

1 Required information Part 1 of 3 Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 (The following information applies to the questions displayed below.) 10 points Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Answer is complete but not entirely correct. Carrying Semiannual Period-End 1/01/2019 Value 108,855 6/30/2019 12/31/2019 6/30/2020 Unamortized Discount 4,145$ 3,627 2,108 X 2,591 2,072 1,556 1,036 520 109,373 109,891 110,409 12/31/2020 110,928 6/30/2021 111,446 111,964 12/31/2021 6/30/2022 112,484 12/31/2022 0 113,004 Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, at a price of $108,855. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. ercise 10-7 Part 2 repare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) Wiew transaction list Journal entry worksheet Record the interest payment and discount amortization on June 30, 2019. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 Record entry Clear entry View general journal Duval Co. issues four-year bonds with a $113,000 par value on January 1, 2019, 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 Part 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). View transaction list Journal entry worksheet Record the entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2022