Duval Co issues four year bonds with a $100,000 par value on June 1, 2013, at a price of $95,952 The annual contract rate is 7 , and interest paid semiannually on June 30 and December 31 Prepare an amortization table for these bonds Use the straight line method of interest amortization (Round your answers to the nearest dollar amount) Prepare journal entries to record the first two interest payments (Round your answers to the nearest dollar amount) Prepare the journal entry for the maturity of the bonds on December 31, 2020 (assume semiannual interest is already recorded )

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Question: Duval Co. issues four-year bonds with a $100,000 par value on June 1, 2013, at a price of $95,952. The annual contract rate is 7%,

Duval Co. issues four-year bonds with a $100,000 par value on June 1, 2013, at a price of $95,952. The annual contract rate is 7%, and interest paid semiannually on June 30 and December 31.

Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount)
Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount)
Prepare the journal entry for the maturity of the bonds on December 31, 2020 (assume semiannual interest is already recorded.)

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