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Quatro Co. issues bonds dated January 1, 2017, with a par value of $900,000. The bonds annual contract rate is 10%, and interest is paid
Quatro Co. issues bonds dated January 1, 2017, with a par value of $900,000. The bonds annual contract rate is 10%, 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 $947,165.
1. Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round your intermediate calculations to the nearest dollar amount.)
Semiannual Interest Unamortized Period-End Carrying Value Premium 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 06/30/2019 12/31/2019
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