Required Informotion Exercise 10-7 (Algo) Straight-Line: Amortization toble and bond interest expense LO P2 The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $106,000 par value on January 1.2021, at a price of $100,944. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollor amount. Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 The following information applies to the questions olisplayed below] Duval Company issues four-year bonds with a $106,000 par value on January 1, 2021, at a price of $100,944. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 . Exerclse 10-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet 2 Record the interest payment and discount amortization on June 30, 2021. Notet Enter adols befors credts. Required Information Exercise 10.7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $106,000 par value on January 1, 2021, at a price of $100,944. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 2 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on December 31 , 2021. Note: Enter debits before credies. Required Information Exercise 10.7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 The foliowing information appires to the questions dispiayed beiowj Duval Company issues four-year bonds with a $106.000 par value on January 1,2021 , at o price of $100.944. The annual contract rate is 8%, and interest is paid semiannualy on June 30 and December 31. xercise 10-7 (Algo) Part 3 Prepare the joumai entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded). Journal entry worksheet Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note Enter debits before oveats