nework Exercise 10-7 Straight-Line: Amortization of bond premium LO P3 Quatro Co. issues bonds dated January 1, 2017, with a par value of S880000. The bonds' annual contract rate is t3%, 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 12%, and the bonds are sold for $901,670. 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 2Required 3 How much total bond interest expense will be recognized over the life of these bonds? Amount repaid Par value at maturty Total repaid Less amount bomowed Total bond interest Homework Exercise 10-7 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1,2017, with a par value of $880,000. The bonds' annual contract rate is 13%, and interest is paild semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $901,670 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 straightline method to amortize the premium. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requhed 3 Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round your ramount.) Prev 78 Next > 4