Question: Please help with this problem set and give the response solution in Excel. Thank you. P-F:14-33A Analyzing, journalizing, and reporting bond transactions Danny's Hamburgers issued
P-F:14-33A Analyzing, journalizing, and reporting bond transactions Danny's Hamburgers issued 6\%, 10-year bonds payable at 90 on December 31, 2024. At December 31, 2026, Danny reported the bonds payable as follows: Danny's pays semiannual interest each June 30 and December 31 . Requirements 1. Answer the following questions about Danny'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 eachryear? 2. Record the June 30,2026 , semiannual interest payment and amortization of discount
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