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Quatro Company issues bonds dated January 1, 2021, with a par value of $830,000. The bonds' annual contract rate is 9%, and interest is
Quatro Company issues bonds dated January 1, 2021, 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 a straight-line amortization table for these bonds. 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? uatro Company issues bonds dated January 1, 2021, with a par value of $830,0 terest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at th suance 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 a straight-line amortization table for these bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 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 Total repaid payments of Par value at maturity Less amount borrowed. Total bond interest expense < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount. Semiannual Interest Unamortized Period-End Premium Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 < Required 2 Required 3
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