Question: Duval Co. issues four-year bonds with a $115,000 par value on January 1, 2017, at a price of $110,888. The annual contract rate is 7%,

Duval Co. issues four-year bonds with a $115,000 par value on

Duval Co. issues four-year bonds with a $115,000 par value on January 1, 2017, at a price of $110,888. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) Carrying Semiannual Unamortized Period-End 1/01/2017 6/30/2017 12/31/2017 6/30/2018 12/31/2018 6/30/2019 12/31/2019 6/30/2020 12/31/2020 Discount Value

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