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 $100,000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31, Exercise 10-7 Part 2 2. Prepare journal entries to record the first two interest payments, Vlow transaction line Journal entry worksheet 1 2 Record the interest payment and discount amortization on June 30, 2019 Note: Enter debits before credits Date General Journal Debit Credit June 30, 2019 O 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 $100,000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, 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. Semiannual Period-End 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 8/30/2021 12/31/2021 6/30/2022 12/31/2022 Unamortized Carrying Dincount Value $ 4,04875 $5,952 3,542 96,458 3,036 96,964 2.530 97,470 2.024 97 976 1,510 98,482 1,012 08,988 500 99,494 0 100,000 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 $100.000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31, Exercise 10-7 Part 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). View transaction list Journal entry worksheet Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note: Enter debits before credits Date General Journal Dobit Credit Dec 31, 2022