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Lee's Hamburgers issued 9%, 10-year bonds payable at 70 on December 31, 2016. At December 31, 2018, Lee reported the bonds payable as follows: (Click

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Lee's Hamburgers issued 9%, 10-year bonds payable at 70 on December 31, 2016. At December 31, 2018, Lee reported the bonds payable as follows: (Click the icon to view the bonds payable.) Lee's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements. Requirement 1. Answer the following questions about Lee's bonds payable: a. What is the maturity value of the bonds? S ear bonds navable at 70 on December 31 2016 At December 31 2018 Lee reported the bonds pa S - X Data table hortiza Long-term Liabilities: Bonds Payable $ 500,000 120,000 Less: Discount on Bonds Payable Print ing e b Done $ 380,000

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