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question 4 and 5 please explain in detail and thank you for your time . Quatro Company issues bonds dated January 1, 2021, with a
question 4 and 5
Quatro Company issues bonds dated January 1, 2021, with a par value of $800,000. 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 $819,700. 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 o straight-ine amortization table for these bonds: Answer is not complete. Complete this question by entering your answers in the tabs below. What is the amount of the premium on these bonds at issuance? Complete this question by entering your answers in the tabs below. How much total bond interest expense will be recognized over the life of these bonds? Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Brin Company issues bonds with a par value of $650,000. The bonds mature in 5 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8\%. (Table B.1. Table B.2. Table B. 3, and Table B.4) (Use appropriate factor(s) fron the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table. values in calculations. Round intermediate calculations to the nearest dollar amount.) Journal entry worksheet Note: Enter debits before credits please explain in detail and thank you for your time .
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