part 2 14-7

Required information 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 2 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on June 30,2021 . Note: Enter debits before credits. Journal entry worksheet Record the interest payment and discount amortization on December 31 , 2021. Note: Enter debits before credits. Required information 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 2 2. Prepare journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and discount amortization on June 30,2021 . Note: Enter debits before credits. Journal entry worksheet Record the interest payment and discount amortization on December 31 , 2021. Note: Enter debits before credits