Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $120,000 par value on January 1, 2019, at a price of $115,830. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) View transaction list View journal entry worksheet No Date June 30, 2019 1 Debit Credit General Journal Bond interest expense Discount on bonds payable Cash 2 December 31 2010 Bond Interest expense Discount on bonds payable Cash