Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following formation applies to the questions displayed below! Duval Company issues four-year bonds with a $107000 par value on January 1, 2021, at a price of $102,920. The annual contract rate is 9%, 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.) Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Answer is not complete. Semiannual Period End 1/01/2021 Unamortized Discount Carrying Value 102,920 $ 6/30/2021 103,430 12/31/2021 103.940 6/30/2022 104.450 12/31/2022 104.960 105,470 6/30/2023 >>> 12/31/2023 6/30/2024 105.980 105,980 0 12/31/2024 105,980 Prey 1 2 3 of 3 Next > 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 $107,000 par value on January 1, 2021, at a price of $102,920. The annual contract rate is 9%, 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 1 2 Journal entry worksneer Record the interest payment and discount amortization on June 30, 2021. Note: Enter debits before credits Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general joumai LIGUE ! Required information Journai entry worksneet 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 $107.000 par value on January 1, 2021, at a price of $102.920. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 (Algo) Part 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded) View transaction list Required information Journal entry worksheet