7 of 11 (6 complete) Requirements 1 Journalze 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 2. 3. For the six months ended July 1, 2020, determine the following for Sporting a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash is paid? Requirement 1. Journalize the following transactions of Sporting Boot Company January 1, 2020 Issued $650,000 of 17% 10-year bonds payable at 95 interest payment dates are July 1 and January 1 (Record debits first, then credits Explanations are not required) Date 2020 Jan 1 Journal Entry Accounts Debit Credit July 1, 2020 Paid sem-annual interest and amortized bonds by the straight-line method on the 17% bonds payable (Round your answers to the nearest dollar) Choose from any tst or enter any number in the input fields and then continue to the next question Type here to search F 9 e 2020, after all year-end adjustments, determine the carrying amount of Sporting's bonds payable, For the six months ended July 1, 2020, determine the following for Sporting net 3. a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? July 1, 2020. Paid semi-annual interest and amortized bonds by the straight line method on the 17% bonds payable (Round your answers to the nearest dollar) Date July 11 Journal Entry Accounts Debit Credit December 31, 2020 Accrued semi-annual interest expense and amortized bonds by the straight-line method on the 17% bonds payable (Round your answers to the nearest dollar Date Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search DELL a. Interest expense b. Cash interest paid 2020, determine the following for Sporting What causes interest expense on the bonds to exceed cash interest paid? January 1, 2021 Paid semi-annual interest Date 2021 Jan 1 Journal Entry Accounts January 1, 2030 Paid the 17% bonds at maturity Date Journal Entry Accounts Debit Credit Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search DELL 2 At December 31, 2020, aber all year end adjustments, determine the carrying amount of Sporting's bonds payable not 3. For the six months ended July 1, 2020. determine the folowing for Sporting Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Requirement 2. At December 31, 2020, after all year end adsstment difermine the carrying amount of Sponing's bonds payable (Round your answer to the ne At December 31, 2020, after all year end adjustments, the carrying amount of the bonds payable is S Requirement 3. For the six months ended July 1, 2000, termine the folowing for Spiring a interest expense and b Cashpad Whats terest experne in the tutes to e For the six months ended July 1, 2020, dermine the folowing a.interest expenses b. Cash interest pads 3 (Round your answer to the nearest dollar What causes interest expee on the bonds exceed cash Choose from any lat or enter any number in the input feos and then continue to the next question Type here to search DELL 00 Tying ng Transactions d? 7 of 11 (6 complete) X 2020 Jan 1 July 1 Issued $650,000 of 17% 10-year bonds at 95 Paid semi-annual interest and amortized bonds by the straight-line method on the 17% bonds payable Dec 31 Accrued semi-annual interest expense and amortized bonds by the straight-line method on the 17% bonds payable mine th the be 2021 ng for Jan 1 Paid semi-annual interest Jan 2030 1 Paid the 17% bonds at maturity onsinue to the next question E e Print Done FB FOR 8 DELL F9 a Mar.) bonds to excee F10 F11 F12 PrtScr Inf