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Homework: Homework 2 Question 3, P14-398 (similar to) Johnny's Hamburgers issued 7% 10-year bonds payable at 80 on December 31, 2016. At December 31,
Homework: Homework 2 Question 3, P14-398 (similar to) Johnny's Hamburgers issued 7% 10-year bonds payable at 80 on December 31, 2016. At December 31, 2018, Johnny reported the bonds payable as follows: (Click the loon to view the bonds payable) Johnny's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-the amortization method) Read the requirements Requirement 1. Arawer 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, 201875 Data table Long term Liables Bonds Payable i Less Discount on Bonds Payable HW Score: 62.27%, 2.09 of 4 points Points: 0.09 of 1 $ 600,000 04.000 504,000 Print Done Save
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