Help Save & Exit Sub Check my wor Exercise 10-7 Straight-Line: Amortization of bond premium LO P3 Quatro Co. issues bonds dated January 1, 2018, with a par value of S830.000. The bonds' annual contract rate is 9%, 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 $851,741. 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 an amortization table for these bonds; use the straight-line method to amortize the premium. Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 What is the amount of the premium on these bonds at issuance? Required 2> Help Save & Exit Su Check my wo Exercise 10-7 Straight-Line: Amortization of bond premium LO P3 Quatro Co issues bonds dated January 1.2018, with a par value of $830,000. The bonds' annual contract rate is 9%, and interest is d 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 $851,741 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 an amortization table for these bonds, use the straight-line method to amortize the premium. 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 payments of Par value at matunty Total repaid Less amount borrowed Total bond interest expense Required 3 > Required 1 Check my Exercise 10-7 Straight-Line: Amortization of bond premium LO P3 Quatro Co. issues bonds dated January 1, 2018, with a par value of $830,000. The bonds' annual contract rate is 9%, 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 $851,741 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 an amortization table for these bonds; use the straight-line method to amortize the premium. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 repare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round termediate calculations.to the nearest dollar amounte your miannual Interest Unamortized Carrying Period-End 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Premium Value Required 2 Required3
