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PLEASE ANSWER ALL THE QUESTIONS. THANKS Required information Required information Exercise 1 0 - 7 ( Algo ) Straight - Line: Amortization table and bond

PLEASE ANSWER ALL THE QUESTIONS. THANKS
Required information 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 $107,000 par value on January 1,2021, at a price of $102,920. The annual
contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Exercise 10-7(Algo) Part 2
Prepare journal entries to record the first two interest payments.
Journal entry worksheet
Record the interest payment and discount amortization on June 30,2021.
Note: Enter debits before credits. Exercise 10-7(Algo) Part 2
Prepare journal entries to record the first two interest payments.
Journal entry worksheet
1
Record the interest payment and discount amortization on December 31,
Note: Enter debits before credits. Exercise 10-7(Algo) Part 3
Prepare the journal entry for maturity of the bonds on December 31,2024(assume semiannual interest is already recorded).
Journal entry worksheet
1
Record the entry for payment of the bonds at maturity. (Assume semiannual
interest is already recorded).
Note: Enter debits before credits.
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 $107,000 par value on January 1,2021, at a price of $102,920. The annual
contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Exercise 10-7(Algo) Part 1
Prepare a straight-line amortization table for these bonds.
Note: Round your answers to the nearest dollar amount.
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