Question: Required information Exercise 10-15 Amortization table and bond Interest expense LO P2 The following information applies to the questions displayed below.) Duval Co. issues four-year
Required information Exercise 10-15 Amortization table and bond Interest expense LO P2 The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $104,000 par value on January 1, 2018, at a price of $99,960. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Exercise 10-15 Part 1 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization (Round your answers to the nearest dollar amount.) Semiannual Period-End 1/01/2018 Unamortized Discount Carrying Value 6/30/2018 12/31/2018 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021
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