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This is all part of the same question. Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with
This is all part of the same question.
Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $105,000 par value on January 1, 2021, at a price of $100,950. The annual contract rate is 7%, 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.) Unamortized Discount Carrying Value Semiannual Period-End 1/01/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 Duval Company issues four-year bonds with a $105,000 par value on January 1, 2021, at a price of $100,950. The annual contract rate is 7%, 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 Record the interest payment and discount amortization on June 30, 2021. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 [The following intormation applies to the questions displayed below.) Duval Company issues four-year bonds with a $105,000 par value on January 1, 2021, at a price of $100,950. The annual contract rate is 7%, 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 Search [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $105,000 par value on January 1, 2021, at a price of $100,950. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. of 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded). View transaction list ok ht Journal entry worksheet ht ncesStep by Step Solution
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