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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
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 $105,000 par value on January 1, 2021, at a price of $100,950. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Semiannual Period-End 1/01/2021 6/30/2021 12/31/2021 Unamortized Discount Carrying Value 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024
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