Can you please help me with the third part everything is correct open to January 1, 2019 on the third part
Return to question 20 Exercise 14-9 Straight-Line: Amortization of bond premium LO P3 4.54 points Quatro Co. Issues bonds dated January 1, 2019, with a par value of $860,000. The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Recured What w ount of the premium on these bonds at issuance? Promium $ 45,068 Recent Required 2 > Return to question 20 Exercise 14-9 Straight-Line: Amortization of bond premium LO P3 4.54 points Quatro Co. Issues bonds dated January 1, 2019, with a par value of $860,000. The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds?! Total Bond Interest Expense Over Life of Bonds: Amount repaid 6 payments of $ 43,000 $ Par value at maturity Total repaid Less amount borrowed Total bond interest expense 258,000 860,000 1,118,000 905,068 212932 Required 1 Return to question 20 Exercise 14-9 Straight-Line: Amortization of bond premium LO P3 4.54 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $860,000. The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount) Semiannual Interest Period Unamortized Premium Carrying Value $ 905,068 897,557 090 045 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 34,555 37,567 30.045 22.534 15.023 7,510 2 534 875 023 867,510 860,000 0
