i Requirements 1. Answer the following questions about Johnny's bonds payable: a. What is the...
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Accounting
i Requirements 1. Answer the following questions about Johnny's bonds payable: a. What is the maturity value of the bonds? 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
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