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Quatro Company issues bonds dated January 1, 2021, with a par value of $740,000. The bonds? annual contract rate is 13%, and interest is paid
Quatro Company issues bonds dated January 1, 2021, with a par value of $740,000. 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 $758,222.
Prepare an effective interest amortization table for these bonds.
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole do Semiannual Interest Period-End Paid Cash Interest Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value 01/01/2021 $ 18,222 $ 758,222 06/30/2021 $ 48,100 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Total < Required 2 Required 3 >
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