answer this problem correctly please and i can rate it fast! Required information Exercise 10-7 (Algo) Straight-Line:
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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 Company issues four-year bonds with a $114,000 par value on January 1, 2021, at a price of $109,870. 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. Note: Round your answers to the nearest dollar amount. Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021 109.870 6/30/2021 110,386 12/31/2021 110,903 6/30/2022 111.419 12/31/2022 6/30/2023 111.935 112,451 12/31/2023 112,968 6/30/2024 0 112,968 12/31/2024 112,968 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 Company issues four-year bonds with a $114,000 par value on January 1, 2021, at a price of $109,870. 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. Note: Round your answers to the nearest dollar amount. Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021 109.870 6/30/2021 110,386 12/31/2021 110,903 6/30/2022 111.419 12/31/2022 6/30/2023 111.935 112,451 12/31/2023 112,968 6/30/2024 0 112,968 12/31/2024 112,968
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