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Pls help Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $93,000 on January 1,
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Exercise 10-4 (Algo) Straight-Line: Amortization of bond discount LO P2 Tano Company issues bonds with a par value of $93,000 on January 1, 2021 The bonds annual contract rate is 7% 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 $90.561. 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) Prepare a straight-tine amortization table for these bonds. (Round your intermediate caleutations to the nearest dollar ) Samianus Period End Unamortized Discount Carrying Value $ 90,561 123 (2) (4) (5) (5) 01/01/2021 0530/2021 12012021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Step by Step Solution
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