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

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 $112,000 par value on January 1, 2019, at a price of $107,870. The annual contract rate is 9%, 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.) Semiannual Period-End Unamortized Discount $ 4,130 Carrying Value 107,870 1/01/2019 $ 6/30/2019 108,386 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022

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