Question: Chapter 14 Homework Assignment i 4 ! Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a

Chapter 14 Homework Assignment i 4 ! Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $110,000 par value on January 1,2021 , at a price of $105,895. 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

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