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Analyzing, journalizing, and reporting bond transactions George's Hamburgers issued 8%, 10-year bonds payable at 80 on December 31, 2016 At December 31, 2018, George reported

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Analyzing, journalizing, and reporting bond transactions George's Hamburgers issued 8%, 10-year bonds payable at 80 on December 31, 2016 At December 31, 2018, George reported the bonds payable as follows: George pays semiannual interest each June 30 and December 31. Requirements Answer the following questions about George's bonds payable: What is the maturity value of the bonds? What is the carrying amount of the bonds at December 31, 2018? What is the semiannual cash interest payment on the bonds? How much interest expense should the company record each year? Record the June 30, 2018, semiannual interest payment and amortization of discount

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