George's Hamburgers issued 7%, 10-year bonds payable at 80 on December 31, 2018. At December 31, 2020, George reported the bonds payable as follows: (Click the icon to view the bonds payable.) Requirement 1. Answer the following questions about George's bonds payable a. What is the maturity value of the bonds? $ 300,000 b. What is the carrying amount of the bonds at December 31, 2020? $ 252,000 George's pays semiannual interest each June 30 and December 31. (Assume bow straight-line amortization method) Read the requirements c. What is the semiannual cash interest payment on the bonds? $ 10,500 d. How much interest expense should the company record each year? $ 27,000 Requirement 2. Record the June 30, 2020, semiannual interest payment and amortization of discount. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Date Accounts and Explanation Credit 2020 Jun 30 Interest Expense Cash Discount on Bonds Payable Paid semiannual interest and amortized discount. Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Data Table Long-term Liabilities Bonds Payable Less: Discount on Bonds Payable Clear All Print Done $ 300,000 (48,000) $252.000