Question: Quatro Company issues bonds dated January 1 , 2 0 2 1 , with a par value of $ 7 7 0 , 0 0

Quatro Company issues bonds dated January 1,2021, with a par value

Quatro Company issues bonds dated January 1,2021, with a par value of $770,000. The bonds' annual contract rate is 12%, 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 10%, and the bonds are sold for $809,071.
What is the amount of the premium on these bonds at issuance?
How much total bond interest expense will be recognized over the life of these bonds?
Prepare a straight-line amortization table for these bonds.
Complete this question by entering your answers in the tabs below.
What is the amount of the premium on these bonds at issuance?
Premium
of $770,000. The bonds' annual contract rate is 12%, and interest is

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