Question: i need help solving thjs problem! Quatro Co. issues bonds dated January 1, 2019, with a par value of $820,000. The bonds' annual contract rate
Quatro Co. issues bonds dated January 1, 2019, with a par value of $820,000. The bonds' annual contract rate is 10%, 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 $862,972. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in 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.) Unamortized Premium S Semiannual Interest Period End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 42.972 36,491 29,751 22,741 15,451 8,289 Carrying Value $ 862,972 856,491 849,751 842,741 835,451 828,289 820,000 0
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