Homework: Homework 2 Question 3, I 3, P14-300 (similar to) Johnny's Hamburgers issued 7%, 10-year bonde payable at 80 on December 31, 2016 At December 31, 2018. Johnny reported the bonds payable as follows (Click the icon to view the bonds payable) Johnny's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amorized using the straight amortization method) Read the requirements. Requirement 1. Answer the following questions about Johnny's bonds payable a. What is the maturity value of the bonds? $600,000 b. What is the carrying amount of the bonds at December 31, 2018? Data table Long-term Lattes Bonds Payable Less: Discount on Bonds Payable $ 600.000 9000 S 504,000 Print Done Cat morn boln HW Score: 52.27%, 2.00 of 4 points Points: 0.00 of 1 Save Requirements 1. Answer the folowing questions about Johnny's bonds payable What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2018? 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, 2018, semiannual interest payment and amortization of the discount Print Done Clear all Check newer