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 $101,000 par value on January 1, 2019, at a price of $96.990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 Part 1 1. Prepare a straight-line amortization table for these bonds. {Round your answers to the nearest dollar amount) CE Semiannual Unamortized Carrying Period-End Discount Value 1/01/2019 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 1213112021 6/30/2022 12/3112022 0 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 $101.000 par value on January 1, 2019, at a price of $96,990. The annual contract rate is 8% and interest is paid semiannually on June 30 and December 31 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 Record the interest payment and discount amortization on June 30, 2019. Note: Enter debits before credits General Journal June 302 2019 Debit Credit View general journal Clear entry 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 $101.000 par value on January 1, 2019, at a price of $96,990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 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 amortization on December 31, 2019. Note: Enter debits before credits. Date General Journal December 31, 2019 Debit Credit View general journal Clear entry 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 $101,000 par value on January 1, 2019. at a price of $96.990. Th annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 Part 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is aire recorded View transaction list Journal entry worksheet Record the entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded) Note: Enter debits before credits Date General Journal Dec 31 2022 Debit Credit