[The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $106,000 par value on January 1, 2019, at a price of $100,944. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31.

Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.)

2) Record the interest payment and discount amortization on December 31, 2019.

Options for the General Journal

• Accounts payable
• Accounts receivable
• Accumulated depreciation
• Bond interest expense
• Bonds payable
• Cash
• Common stock
• Contributed Capital in excess of par value
• Depreciation expense
• Discount on bonds payable
• Gain on retirement of bonds payable
• Interest payable
• Lease liability
• Leased asset
• Loss on retirement of bonds payable
• Premium on bonds payable
• Rental expense

3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).

options for the general Journal

• Accounts payable
• Accounts receivable
• Accumulated depreciation
• Bond interest expense
• Bonds payable
• Cash
• Common stock
• Contributed Capital in excess of par value
• Depreciation expense
• Discount on bonds payable
• Gain on retirement of bonds payable
• Interest payable
• Lease liability
• Leased asset
• Loss on retirement of bonds payable
• Premium on bonds payable
• Rental expense

1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Semiannual Period-End 1/01/2019 Unamortized Discount Carrying Value 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 Record the interest payment and discount amortization on June 30, 2019. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2019 Record the entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2022 TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTT T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT