FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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please fill the pictures out Quatro Company Issues bonds dated January 1, 2021, with a par value of $790.000. The bonds' annual contract rate Is 9%, and Interest Is pald 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. 2 How much total bond Interest expense will be recognized over the Iife of these bonds? 3. Prepare a straight-line amortization table for these bonds.
6.66
points
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 the
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
Prepare a straight-line amortization table for these bonds.
Note: Round your intermediate calculations to the nearest dollar amount.
Semiannual Interest Unamortized
Premium
Period-End
01/01/2021
08/30/2021
12/31/2021
08/30/2022
12/31/2022
08/30/2023
12/31/2023
Carrying
Value
0
< Required 2
Required 3
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Transcribed Image Text:6.66 points 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 the 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 Prepare a straight-line amortization table for these bonds. Note: Round your intermediate calculations to the nearest dollar amount. Semiannual Interest Unamortized Premium Period-End 01/01/2021 08/30/2021 12/31/2021 08/30/2022 12/31/2022 08/30/2023 12/31/2023 Carrying Value 0 < Required 2 Required 3
Quatro Company issues bonds dated January 1, 2021, with a par value of $790,000. The b
is paid semiannually on June 30 and December 31. The bonds mature in three years. The
B%, 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 bond
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?
Total Bond Interest Expense Over Life of Bonds:
Amount repaid:
payments of
Par value at maturity
Total repaid
Less amount borrowed
Total bond interest expense
$
< Required 1
0
Required 3
>
چار
expand button
Transcribed Image Text:Quatro Company issues bonds dated January 1, 2021, with a par value of $790,000. The b is paid semiannually on June 30 and December 31. The bonds mature in three years. The B%, 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 bond 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? Total Bond Interest Expense Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense $ < Required 1 0 Required 3 > چار
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