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need help. im confused Billy's Hamburgers issued 7%,10-year bonds Billy's pays semiannual interest each June payable at 80 on December 31,2024 . At 30 and
need help. im confused
Billy's Hamburgers issued 7%,10-year bonds Billy's pays semiannual interest each June payable at 80 on December 31,2024 . At 30 and December 31. (Assume bonds December 31,2026 , Billy reported the bonds payable are amortized using the straight-line payable as follows: amortization method.) Read the requirements. Requirement 1. Answer the following questions about Billy's bonds payable: a. What is the maturity value of the bonds? 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 31,2026 ? 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 30,2026 , semiannual interest payment and amortization of discount. Data table Step by Step Solution
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