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Duval Co. issues four-year bonds with a $103,000 par value on June 1, 2013, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on November 30 and May 31.

10.

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1.	Prepare an amortization table for these bonds. Use the straight-line method of interest amortization.

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11.

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2.	Prepare journal entries to record the first interest payment, accrued interest as of December 31, 2013 and to record the second interest payment.