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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 Co,
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 Co, issues four-year bonds with a $104,000 par value on January 1, 2020, at a price of $99,960. The annual contract rate is 5%, 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 (Round your answers to the nearest dollar amount) Unamortized Discount Carrying Value ces Semiannual Period End 1/01/2020 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023
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