P11-25ABilly hamburgers issued 5% 10-year bonds payable at 90 on December 312010

P11-25ABilly hamburgers issued 5% 10-year bonds payable at 90 on December 312010. At December 312012 Billy reported the bonds payable as follows:Long term debt: Bonds payable $400000Less:Discount . $32000 $ 368000Billy uses the straigt line amortization method and pays semiannual interest each June 30 and December 31.Requirements:1. Answer the following questions about Billy s bond payable: a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31 2012? c. What is the annual cash interest payment on the bonds? d. How much interest expense should the company record each year?2. Record the June 30 2013 semiannual interest payment and amortization of discount.3. What will be the carrying amount of the bonds at December 31 2013.P11A-4ATVX issued $800000 of 5% 10-year bonds payable at a price of 9.595 on March 31 2012. The market interest rate at the date of issuance was 6% and the date bonds pay interest seminannually.Requirements1. How much cash did the company receive upon issuance of the bonds payable.2. Prepare an effective-interest amortization table for the bond discount through the first two interest payments. Use exhibit 11A-1 as a guide and round amounts to the nearest dollar.3. Journalize the issuance of the bonds on March 30 2012 and on September 30 2012 payment of the first semiannual interest amount and amortization of the bond discount. Explanations are not required.