please fill the pictures outQuatro Company Issues bonds dated January 1, 2021, with a par value of $790.000. The bonds' annual contract rate Is 9%, and InterestIs pald semiannually on June 30 and December 31. The bonds mature In three years. The annual market rate at the date of Issuance Is8%, 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. 6.66points1. 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 the3. Prepare a straight-line amortization table for these bonds.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Prepare a straight-line amortization table for these bonds.Note: Round your intermediate calculations to the nearest dollar amount.Semiannual Interest UnamortizedPremiumPeriod-End01/01/202108/30/202112/31/202108/30/202212/31/202208/30/202312/31/2023CarryingValue0< Required 2Required 3 Quatro Company issues bonds dated January 1, 2021, with a par value of $790,000. The bis paid semiannually on June 30 and December 31. The bonds mature in three years. TheB%, and the bonds are sold for $810,694.1. What is the amount of the premium on these bonds at Issuance?2 How much total bond Interest expense will be recognized over the life of these bond3. Prepare a straight-line amortization table for these bonds.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3How much total bond interest expense will be recognized over the life of these bonds?Total Bond Interest Expense Over Life of Bonds:Amount repaid:payments ofPar value at maturityTotal repaidLess amount borrowedTotal bond interest expense$< Required 10Required 3>چار

Premium on issue of bond = Issue price - Face amountTotal bond interest expense = Total semiannual…

Answered: the pictures out Quatro Company Issues…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 15MCQ

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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

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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