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How do i calculate? Tano Company issues bonds with a par value of $95,000 on January 1, 2019. The bonds' annual contract rate is 8%,
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Tano Company issues bonds with a par value of $95,000 on January 1, 2019. The bonds' annual contract rate is 8%, 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 10%, and the bonds are sold for $90,177. 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 a straight-line amortization table for these bonds. Answer is not complete. 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 6,200 $ 37,200 6 Par value at maturity 95,000 Total repaid Less amount borrowed Total bond interest expense 132,200 90,177 $ 42,023 Required 3 KRequired 1 Tano Company issues bonds with a par value of $95,000 on January 1, 2019. The bonds' annual contract rate is 8%, 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 10%, and the bonds are sold for $90,177. 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 a straight-line amortization table for these bonds. Answer is not complete. 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 Unamortized Carrying Period-End Discount Value 01/01/2019 4,823 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Required 3> Required 2Step by Step Solution
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