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Required information Exercise 14-7 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 14-7 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 14-7 Part 2 2. Prepare journal entries to record the first two interest payments Answer is not complete. June 30, 2019 Credle General Journal Bonds payable Discount on bonds payable Cash Doble 100 000 4048 95 952 December 31, 201 Bond interest expense 100 000 100,000 $ Required information 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 General Journal D ebit Credit Date Dec 31, 2022 Record entry Clear entry View general Journal

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