Quatro Co. Issues bonds dated January 1, 2018, with a par value of $830,000. The bonds' annual contract rate is 9%, and interest is pald 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 $851,741. 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the amount of the premium on these bonds at issuance? 21,741 Required 2 > Quatro Co. issues bonds dated January 1, 2018, with a par value of $830,000. The bonds' annual contract rate is 9%, and interest is pald 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 $851,741. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid 6 payments of $ 224,100 $ 1,344,600 Par value at maturity 830,000 Total repaid 2,174,600 Less amount borrowed 851,741 Total bond interest expense $ 1,322,859 Required 1 Required 3 > Quatro Co. Issues bonds dated January 1, 2018, with a par value of $830,000. The bonds' annual contract rate is 9%, 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 $851,741. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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.) Somiannun Interest Period Unamortired Carrying Premium Value End 01/01/2018 5 21,741 $ 351,741 06/30/2018 18.4613 848.4613 12/31/2018 15.0493 845,0493 08/30/2019 11.5013 841.501 12/31/2019 7.8113 837811 06/30/2020 4.190 834,190 12/31/2020 0 830.000 Decode
