Question
Duval Company issues four-year bonds with a $117,000 par value on January 1, 2021, at a price of $112,870. The annual contract rate is
Duval Company issues four-year bonds with a $117,000 par value on January 1, 2021, at a price of $112,870. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount. Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021 $ 112,870 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 D
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
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