i Required information Exercise 10-7 (Algo) 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 $107,000 par value on January 1, 2021, at a price of $102,920. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount. Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024
i Required information Exercise 10-7 (Algo) 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 $107,000 par value on January 1, 2021, at a price of $102,920. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount. Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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nku.4
answer must be in table format or i will give downvote
![i
Required information
Exercise 10-7 (Algo) 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 $107,000 par value on January 1, 2021, at a price of $102,920. The annual
contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Exercise 10-7 (Algo) Part 1
1. Prepare a straight-line amortization table for these bonds.
Note: Round your answers to the nearest dollar amount.
Semiannual
Period-End
Unamortized
Discount
Carrying
Value
1/01/2021
6/30/2021
12/31/2021
6/30/2022
12/31/2022
6/30/2023
12/31/2023
6/30/2024
12/31/2024](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0db5417a-f2ae-42f3-9f75-c9a811104156%2Ff83cb6ff-662d-4331-a1d9-6708fabeec35%2Fq0u17q_processed.png&w=3840&q=75)
Transcribed Image Text:i
Required information
Exercise 10-7 (Algo) 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 $107,000 par value on January 1, 2021, at a price of $102,920. The annual
contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Exercise 10-7 (Algo) Part 1
1. Prepare a straight-line amortization table for these bonds.
Note: Round your answers to the nearest dollar amount.
Semiannual
Period-End
Unamortized
Discount
Carrying
Value
1/01/2021
6/30/2021
12/31/2021
6/30/2022
12/31/2022
6/30/2023
12/31/2023
6/30/2024
12/31/2024
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