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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 $115,000 par value on January 1, 2021. at a price of $110.888. The annual contract rate is 7% and interest is paid semiannually on June 30 and December 31 a Syarcica 10. Almal Dart 1 Exercise 10-7 (Algo) Part 1 Book 1. Prepare a straight-line amortization table for these bonds. (Rour Hint Semiannual Period-End Unamortized Discount Carrying Value ASK 1/01/2021 6/30/2021 12/31/2021 Print 6/30/2022 12/31/2022 eferences 6/30/2023 12/31/2023 6/30/2024 12/31/2024 View transaction list Journal entry worksheet 1 2 > 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 journal Journal entry worksheet eBook Record the interest payment and discount amortization on December 31, 2021. Hirt ASR Note: Enter debits before credits General Journal Debit Credit Date December 31 2021 Print References Record entry Clear entry View general Journal Journal entry worksheet OOK Record the entry for payment of the bonds at maturity. (Assume semiannual Interest is already recorded). Ent Note: Enter debits before credits Esk General Journal Debit Credit Date December 31. 2024 rences Record entry Clear entry View general journal
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