LanaLLE Ukardasi VO/10/223:35 M Test 20 Homework: Homework 2 Question 3, P14-39B (similar to) Part 2 of 5 HW Score: 19.38%, 0.78 of 4 points Points: 0:09 of 1 Save Billy's Hamburgers issued 5%, 10-year bonds payable at 80 on December 31, 2016. At December 31, 2018, Billy reported the bonds payable as follows: (Click the icon to view the bonds payable.) Billy's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements. Com Requirement 1. Answer the following questions about Billy'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? S issued 5%, 10-year bonds pavable at 80 on December 31 2016 At December 31 2018 Billy reported the honds payable as follows: to view the bonds - X nual interest each Data table nortization method.) ents. Long-term Liabilities: Bonds Payable $ 600,000 96,000 $ 504,000 nswer the following Less: Discount on Bonds Payable urity value of the b ving amount of the Print Done mburgers issue the icon to vie s semiannual i requirements. ent 1. Answer the maturity va the carrying a Part 2 of 5 Requirements 1. Answer the following questions about Billy's bonds payable: a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2018? 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, 2018, semiannual interest payment and amortization of the discount. Print Done Points: 0.09 of 1 - X as follows: ethod.) Sav