George's Hamburgers issued 6%, 10-year bonds payable at 80 on December 31, 2024. At December 31,...

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George's Hamburgers issued 6%, 10-year bonds payable at 80 on December 31, 2024. At December 31, 2026, George reported the bonds payable as follows: Data table Long-term Liabilities: Bonds Payable Less: Discount on Bonds Payable Requirements $ 200,000 (32,000) $ 168,000 - George's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements. 1. Answer the following questions about George'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. - ebits first, then credits. Select the explanation on the last line of the Requirement 1. Answer the following questions about George'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? Requirement 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation 2026 Jun. 30 Interest Expense Discount on Bonds Payable Cash Paid semiannual interest and amortized discount. Debit Credit George's Hamburgers issued 6%, 10-year bonds payable at 80 on December 31, 2024. At December 31, 2026, George reported the bonds payable as follows: Data table Long-term Liabilities: Bonds Payable Less: Discount on Bonds Payable Requirements $ 200,000 (32,000) $ 168,000 - George's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements. 1. Answer the following questions about George'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. - ebits first, then credits. Select the explanation on the last line of the Requirement 1. Answer the following questions about George'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? Requirement 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation 2026 Jun. 30 Interest Expense Discount on Bonds Payable Cash Paid semiannual interest and amortized discount. Debit Credit