Required information Exercise 10-7 (Static) 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 $100,000 par value on January 1, 2021, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Static) Part 2 2. Prepare journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 Record the interest payment and discount amortization on June 30, 2021.

Required information Exercise 10-7 (Static) 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 $100,000 par value on tanuary 1,2021 , at a price of $95.952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 (Static) Part 2 .. Prepare journal entries to record the first two interest payments. Prepare the joumal entry for maturity of the bonds on December 31,2024 (assume semiannual interest 15 already recorded). Journal entry worksheet Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note: Enter debirs before credits