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these answers are all wrong! Check my work Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. issues bonds dated January 1, 2019,
these answers are all wrong!
Check my work Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. issues bonds dated January 1, 2019, with a par value of $790,000. 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 $810,694. 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 the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Interest Period-End Unamortized Premium arrying Value 01/01/2019 $ 810,694 20,694 $ 17,245 06/30/2019 807,245 12/31/2019 13,796 803,796 06/30/2020 10,347 800,347 12/31/2020 6,898 796,898 06/30/2021 3,449 793,449 12/31/2021 0 790,000Step by Step Solution
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