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Required information Exercise 10-15 Amortization table and bond interest expense LO P2 (The following information applies to the questions displayed below.] Duval Co. issues four-year
Required information Exercise 10-15 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 $103,000 par value on January 1, 2018, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. Exercise 10-15 Part 1 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) Carrying Unamortized Discount Value Semiannual Period-End 1/01/2018 6/30/2018 12/31/2018 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 Journal entry worksheet Record the interest payment and discount amortization on June 30, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2018 Bond interest expense Discount on bonds payable Cash Record entry Clear entry View general journal Journal entry worksheet Record the interest payment and discount amortization on December 31, 2018. Note: Enter debits before credits. Date Debit Credit Dec 31, 2018 General Journal Bond interest expense Discount on bonds payable Cash Record entry Clear entry View general journal
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