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Exercise 10-7 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 $109,000 par value on January 1, 2019, at a price of $104,910. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 Part 2 2. Prepare Journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) Journal entry worksheet Record the interest payment and discount amortization on December 31, 2019. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 interest payable Cash 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 Data Dec 31, 2022 Bonds payable Cash

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