Billy's Hamburgers issued 6%, 10-year bonds payable at 90 on December 31, 2018. At December 31, 2020. Billy reported the bonds payable as follows: (Click the icon to view the bonds payable.) Billy's pays serniannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements Requirement 1. Answer the following questions about Billy's bonds payable: a. What is the maturity value of the bonds? $ 500,000 b. What is the carrying amount of the bonds at December 31, 2020? $ 460,000 ar c. What is the semiannual cash interest payment on the bonds? 15.000 d. How much interest expense should the company record each year? able.) Read the requirements Data Table ULTIMINEN Long-term Liabilities: Bonds Payable $ 500,000 (40,000) $ Less: Discount on Bonds Payable 460,000 Print Done en click Check Answer. Clear All Check LOLU, un picu VIS dydule DS FIRWS. payable are amortized using the straight-line amortization meth view the bonds payable.) Read the requirements. wer the fo Requirements rity value ing amoy annual ca 1. Answer the following questions about Billy's bonds payable a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2020? 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, 2020. semiannual interest payment and amortization of discount. est expens Print Done the edit fields and then click Check Answer Check Ar Clear All o Hi e = f = 9