1 Journalize the following transactions of Sporting Boot Company (Click the icon to view the transactions.) At December 31, 2020, after all year-end adjustments, determine the carrying amount of Sporting's bonds payable, net For the six months ended July 1, 2020, determine the following for Sporting 2. 3. a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Accounts Date Dec 31 Interest Expense Discount on Bonds Payable Interest Payable January 1 2021 Paid semi-annual interest Transactions Dat Debit Credit X - Credit 2020 Jar Jan. 1 Issued $800,000 of 14%, 10-year bonds at 91 July 1 Paid semi-annual interest and amortized bonds by the straight-line method on the 14% bonds payable Dec. 31 Accrued semi-annual interest expense and amortized bonds by the straight-line method on the 14% bonds payable. Jan 2021 Jan. 1 Paid semi-annual interest. 2030 Dat Jan. 1 Paid the 14% bonds at maturity. Jan Print Done Credit Requirement 2. At December 31, 2020, after all year-end adjustments, determine the carrying amount of Sporting's bone payable, net. (Round your answer to the nearest dollar.) At December 31, 2020, after all year-end adjustments, the carrying amount of the bonds payable is $ Requirement 3. For the six months ended July 1, 2020, determine the following for Sporting a. Interest expense and ba interest paid. What causes interest expense on the bonds to exceed cash interest paid? For the six months ended July 1, 2020, determine the following: a. Interest expense is $ (Round your answer to the nearest dollar.) b. Cash interest paid is $ What causes interest expense on the bonds to exceed cash interest paid