Required Information

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Duval Company Issues four$-$year bonds with a $$103,000$ par value on January $1,2021,$ at a price of $$99,000.$ The annual

contract rate is $6\%,$ and interest is pald semlannually on June $30$ and December $31.$

Prepare the journal entry for maturity of the bonds on December $31,2024($assume semlannual Interest Is already recorded$).$

Journal entry worksheet

$1$

Record the entry for payment of the bonds at maturity. $($Assume semiannual

interest is already recorded$).$

Note: Enter debits before credits.