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Homework: Unit 4 Project (Instructor may requir core: 0 of 1 pt 12 of 16 (7 complete) 14-40B (similar to) Bob's Hamburgers issued 4%, 10-year
Homework: Unit 4 Project (Instructor may requir core: 0 of 1 pt 12 of 16 (7 complete) 14-40B (similar to) Bob's Hamburgers issued 4%, 10-year bonds payable at 95 on December 31, 2018. At December 31, 2020, Bob reported the bonds payable as follows: (Click the icon to view the bonds payable.) Bob's pays semiannual interest payable are amortized using th Read the requirements Requirement 1. Answer the following questions about Bob's bonds payable a. What is the maturity value of the bonds? $ L 0 Data Table Long-term Liabilities: Bonds Payable $ 200,000 (8,000) s Less: Discount on Bonds Payable 192.000 Ente Print Done A parts 4 remaining Clear All for Ma rving Inc follow Mar 4: Issued 29000 shares of 12 OT 161 complete) HW Score to) 4%, 10-year bonds payable at 95 on December 31, 20, Bob reported the bonds payable as follows: the bande novable Bob's pays semiannual interest each June 30 and De payable are amortized using the straight-line amortiza i Requirements ne fo alue 1. Answer the following questions about Bob's bonds payable: a. What is the maturity value of the bonfis? b. What is the carrying amount of the bonds at December 31, 2020? 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, 2020, semiannual interest payment and amortization of discount. ities ble into Print Done Print Done Clear All ool, Inc, follow: Mar. 4: Issued 29000 shares of
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