Requirements 1. 2. 3. Journalize the following transactions of Bike Boot Company (Click the icon to view the transactions.) At December 31, 2020, after all year-end adjustments, determine the carrying amount of Bike's bonds payable, net. For the six months ended July 1, 2020, determine the following for Bike: a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid? Requirement 1. Journalize the following transaction January 1, 2020. Issued $700,000 of 12%, 10-year Transactions. Date 2020 Jan, 1 Jou 4 Accounts 2020 Jan 1 Issued $700,000 of 12%, 10-year bonds at 93. July 1 - then cred Paid semi-annual interest and amortized bonds by the straight-line method on the 12% bonds payable. Dec. 31 Accrued semi-annual interest expense and amortized bonds by the straight-line method on the 12% bonds payable. 2021 Jan. 1 Paid semi-annual interest July 1, 2020. Paid semi-annual interest and amortiz 2030 Jan. 1 Paid the 12% bonds at maturity. Jou Accounts Date July 1 Print Done Je neares