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Required Information Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.) Duval Co. Issues

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Required Information Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.) Duval Co. Issues four-year bonds with a $108,000 par value on January 1, 2019, 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 Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Somiannual Period-End 1/01/2019 Unamortized Discount Carrying Value 6/30/2019 12/31/2019 6/30/2020 12/31/2020 Semlannual Period-End Unamortized Discount Carrying Value 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022

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