Required information Exercise 14-7 (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 $104,000 par value on January 1,2021 , at a price of $99,960. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Exercise 14-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) Journal entry worksheet Record the interest payment and discount amortization on June 30, 2021. Note: Enter debits before credits. Journal entry worksheet Record the interest payment and discount amortization on December 31 , 2021. Note: Enter debits before credits