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Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of $92,000 on January 1, 2017. The bonds' annual
Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of $92,000 on January 1, 2017. The bonds' annual contract rate is 10%, and interest is paid semannually on June 30 and Dec and the bonds are sold for $87.480 ember 31, The bonds mature in three years. The annual market rate at the date of issuance is 12%. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an amortization table using the straight-line method to amortize the discount for these bonds 3 Answer is not complete. Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 Prepare an amortization table using the straight-line method to amortize the discount for these bonds. (Round your intermediate calculations to the neareist dollar amount) Semiannual zed nt 01/01/2017 06/30/20117 12/31/20117 06/30/2018 2/31/2018 06/30/2019 12/31/2015 Required 2
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