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Please answer the given questions and fill in the graphs in the pictures! Thank you Journal entry worksheet Record the second interest payment on December
Please answer the given questions and fill in the graphs in the pictures! Thank you
Journal entry worksheet Record the second interest payment on December 31 . Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. How much total bond interest expense will be recognized over the life of these bonds? Quatro Co. issues bonds dated January 1,2019, with a par value of $780,000. The bonds annual contract rate is 13%, 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 $799,207. 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-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. What is the amount of the premium on these bonds at issuance? Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the neares amount.) Wookie Company issues 9%, five-year bonds, on January 1 of this year, with a par value of $104,000 and semiannual interest payments: Use the above straight-line bond amortization table and prepare joumal entries for the following. (a) The issuance of bonds on January 1 . (b) The first interest payment on June 30. (c) The second interest payment on December 31. Journal entry worksheet Record the issuance of the bonds on lanuary 1. Note: Ender debits before credits. Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits Step by Step Solution
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