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Bob's Hamburgers issued 4 % , 1 0 - year bonds payable at 7 5 on December 3 1 , 2 0 2 4 .
Bob's Hamburgers issued year bonds payable at on December At December Bob reported the bonds payable as follows:
Click the icon to view the bonds payable.
a Wnat is the maturity value or the donas?
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b What is the carrying amount of the bonds at December
c What is the semiannual cash interest payment on the bonds?
d How much interest expense should the company record each year?
Data table
Longterm Liabilities:
Bonds Payable
$
Less: Discount on Bonds Payable
Requirement Record the June semiannual interest payment and amortization of discount. Record debits first, then credits. Select the explanation on the last line of the journal entry table.
tableDateAccounts and Explanation,Debit,CreditJunInterest Expense,,Discount on Bonds Payable,,Cash,,Paid semiannual interest and amortized discount.,,
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