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Required Information

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Duval Company issues four$-$year bonds with a $$100,000$ par value on January $1,2021,$ at a price of $$95,952.$ The annual

contract rate is $7\%,$ and interest is pald semlannually on June $30$ and December $31.$

Prepare journal entrles to record the first two Interest payments.

Journal entry worksheet

Record the interest payment and discount amortization on June $30,2021.$

Note: Enter debits before credits.