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Barry's Hamburgers issued 6%, 10-year bonds payable at Barry's pays semiannual interest each June 30 and 90 on December 31, 2024. At December 31, 2026,

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Barry's Hamburgers issued 6%, 10-year bonds payable at Barry's pays semiannual interest each June 30 and 90 on December 31, 2024. At December 31, 2026, Barry December 31. (Assume bonds payable are amortized reported the bonds payable as follows: using the straight-line amortization method.) (Click the icon to view the bonds payable.) Read the requirements. Requirement 1. Answer the following questions about Barry's bonds payable: a. What is the maturity value of the bonds? i Requirements 1. Answer the following questions about Barry's bonds payable: a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2026? c. What is the semiannual cash interest payment on the bonds? d. How much interest expense should the company record each year? 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. i Data Table X Long-term Liabilities: Bonds Payable $ 300,000 (24,000) $ 276,000 Less: Discount on Bonds Payable

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