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Only part 3 please: 3. Prepare a straight-line amortization table for these bonds. Exercise 10-9 (Algo) Straight-Line: Amortization of bond premium LO P3 Quatro Company
Only part 3 please:
3. Prepare a straight-line amortization table for these bonds.
Exercise 10-9 (Algo) Straight-Line: Amortization of bond premium LO P3 Quatro Company Issues bonds dated January 1,2021 , with a par value of $860,000. The bonds' annual contract rate is 10%, and interest is pald semlannually on June 30 and December 31 . The bonds mature in three years. The annual market rate at the date of ssuance 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-IIne amortization table for these bonds. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amountStep by Step Solution
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