Question: Required Information Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 The following information applies to the questions displayed below.) Duval Co. Issues

 Required Information Exercise 10-7 Straight-Line: 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 $116,000 par value on January
1, 2019, at a price of $111,880. The a rate is 8%

Required Information Exercise 10-7 Straight-Line: 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 $116,000 par value on January 1, 2019, at a price of $111,880. The a rate is 8% and interest is paid semiannually on June 30 and December 31 Exercise 10-7 Part 1 Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Unamortized Discount Semiannual Period End 1/012019 8:30/2010 Carrying Value 12/31/2010 8/30/2020 12/31/2020 0/30/2021 12/31/2021 8/30/2022 12/31/2002 PO search O E hp Exercise 10-7 Part 2 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 Record the interest payment and discount amprtization on June 30, 2019. Note: Enter debits before credits General Journal Dobit Credit Date June 30, 2019 2. Prepare journal entries to record the first two interest payments. (Round your answers to the View transaction list Journal entry worksheet Required information View transaction list Journal entry worksheet

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