14-7 part 1

Exercise 14-7 (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 $119,000 par value on January 1,2021 , at a price of $114,840. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31 . Exercise 14-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount