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Chapter 10-Analyzing, journalizing, and reporting bond transactions Danny's Hamburgers issued 6%,10-year bonds payable at 90 on December 31, 2019. At December 31,2021 , Danny reported

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Chapter 10-Analyzing, journalizing, and reporting bond transactions Danny's Hamburgers issued 6\%,10-year bonds payable at 90 on December 31, 2019. At December 31,2021 , Danny reported the bonds payable as follows: Danny's pays semiannual interest each June 30 and December 31. Requirements 1. Answer the following questions about Danny's bonds payable: a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31,2021 ? 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 30,2022 , semiannual interest payment and amortization of discount

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