Required information Exercise 10.7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 The following information spplies to the questions aisplayed below Duval Company issues four-vear bonds with a $14.000 par value on January 1.2021 , at a price of $109.870. The annua contract rate is 5%, and interest is paidsemannually on une 30 and December 31 Exercise 10.7 (Algo) Part 2 2. Prepare joumal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on jund 30,2021 . Wote Enter debite before oredits: 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 $14,000 par value on January 12021 , at a price of $109,870. The annual contract rate is 5%, and interest is pald semiannually on vune 30 and December 31 Exercise 10.7 (Algo) Part 2 2. Prepare journal entnes to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on December 31 . 2021. Noter Enter debuts betore cred its. Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following intormation apolies to the questions displayed below] Duval Company issues four-yeai bonds with a $114,000 par value on January 1.2021, at a price of $109,870. The annual contract rate is 5%, and interest is paid semiannually on . June 30 and December 31. xercise 10.7 (Algo) Part 3 Piepare the journal entry for maturity of the bonds on December 31,2024 (assume semiannual interest is already recorded). Journal entry worksheet Record the entry for payment of the bonds at maturity. (Assume semiannual interest is aready recorded). Noter-Enter de buts before oredits