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Required information [The following information applies to the questions displayed below) Duval Company issues four-year bonds with a $101.000 par value on January 1, 2021,
Required information [The following information applies to the questions displayed below) Duval Company issues four-year bonds with a $101.000 par value on January 1, 2021, ot a price of $96,990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31, 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Answer is complete but not entirely correct. Samiannual Period-End 1/01/2021 $ B/30/2021 12/31/2021 6/30/2022 Unamortized Discount $ 4,010 3,500 3,008 2,507 2,008 503 Carrying Value 96,990 97,491 97.992 98,493 98,994 100.4973 101.000 3 101,603 102,000 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 0 x 503 0 [The following information applies to the questions displayed below.) Duval Company issues four-year bonds with a $101,000 par value on January 1, 2021, at a price of $96,990. The annual contract rate is 8%, 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.) View transaction list Journal entry worksheet
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