Question: How much total bond interest expense will be recognized over the life of these bonds? Tano Company issues bonds with a par value of $82,000

How much total bond interest expense will be recognized over the life of these bonds?

Tano Company issues bonds with a par value of $82,000 on January 1, 2021. The bonds' annual contract rate is 7%, 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 $79,849. 41. What is the amount of the discount 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 How much total bond interest expense will be recognized over the life of these bonds? Amount repaid: PT Tparments or Par value at maturity rs Total repaid 0 Less amount borrowed fF Cs Total bond interest expense $ 0

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