2 and Chapter 13 Preview 4 of 22 (20 complete) mber 31, 2018 At December 31, 2020, Bobby reported Bobby's pays semiannual interest each June 30 and Decembe amortization method.) Read the requirements ayable - X Data Table Long term Liabilities: Bonds Payable Less Discount on Bonds Payable $ 700,000 (112,000) $ 588,000 Print Done Requirements - X 1. Answer the following questions about Bobby'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 Print Done swer
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