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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 Company
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 $108.000 par value on January 1, 2021. at a price of $103.920 The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments (Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Journal entry worksheet
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