Question: Required information Exercise 14-7 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 14-7 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 $100.000 par value on January 1, 2019. at a price of $95,952 The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31 Exercise 14-7 Part 1 1. Prepare a straight line amortization table for these bonds Semiannual Period.End Un mortired Discount Carrying Value 300 2010 12/31/2010 30/2020 12/31/2020 30/2020 12312001 6/30/2002 S Pro Not DLL F10 PA2 AL 6

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