George's Hamburgers issued 6%, 10-year bonds payable at 90 on December 31,2012. At December 31, 2014, George reported the bonds payable as follows. Bonds payable:100,000 Discount on Bonds payable 8,0000 92,000 1. Answer the following questions about George's bonds payable:

a. What is the maturity value of the bonds?

b. What is the carrying amount of the bonds at December 31, 2014 ?

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, 2014 , semiannual interest payment and amortization of the discount.