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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 $120,000 par value on January 1, 2018, at a price of $115,830. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. xercise 10-15 Part 1 . Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the earest dollar amount.) Carrying Semiannual Unamortized 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 Discount Value 2 & 3. Prepare journal entries to record the first two interest payments. (Round your answers to the r View transaction list Journal entry worksheet 2 Record the interest payment and discount amortization on June 30, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2018
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