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Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $120,000 par value on January 1,2020 ,
Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $120,000 par value on January 1,2020 , at a price of $115,830. The annual contract rate is 7%, 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
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