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 fouryear bonds with a $113,000 por value on January 1,2021 , at a price of $108,855. The annual contract rate is 6%, and interest is paid semlannually on June 30 and December 31 . Exercise 10-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. 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 $113,000 par value on January 1,2021 , at a price of $108,855. The annual contract rate is 6%, 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 (ossume semiannual interest is already recorded)