1. How much cash did Moonlight recelve when at issubd the bonds payable? Journalize this transaction When the bonds payable were ksued, Moonligat recehved Journalize the lssuance of the bonds payable. (Record debts first, then ciedis Exchide explanations from any foumal entries) 2. How much must Moonlight pay back at maturity? Whon is the matueity date? At maturhy. Moonlight muat pay back The maturity dale is 3. How much cavh imerest wat Moenflym pay each sik monitis? Every six monith. Moonlight ed pay intereit of Every aly monthy. Mooright will report betarest eupente of for the accrual of interest and amortization of discount on December 31, 2021, and the payment of interest on January 1,2022 Requirements 1. How much cash did Moonlight receive when it issued the bonds payable? Journalize this transaction. 2. How much must Moonlight pay back at maturity? When is the maturity date? 3. How much cash interest will Moonlight pay each six months? 4. How much interest expense will Moonlight report each six months? Use the straight-line amortization method. Journalize the entries for the accrual of interest and amortization of discount on December 31, 2021, and the payment of interest on January 1, 2022. Moonlight Drive-Ins Lid borrowed noney by istuing $1.500,000 of 5% bonds payable at 99,5 on July 1,2021 . The bonds are 10year bonds and pay interest each January. f and July. 1 Read the teaultements Moonlght Oive-ins Lte, borrowed money by lssuing $1,500,000 of 5% bonds payable at 93 on July 1, 2021. The tonds are 10 -year bonds and pay inerest each Jaruary 1 and Juy 1 Read the reguitements 1. How much cash did Noonlight recelve when it issued the bonds payable? Jounalze this transaction When the bonds payable were issued, Moonlight recolved Journafize the issuance of the bonds payable. (Record debits frst, then creots. Exclude explanations from any joumal entries) 2. How much must Moselight pay back at mataity? When is the manurcy date? At maturity. Monolghtmuet pay back The maturity date is Fvery ale mosins. Mooelight will pay interest of Evey ske enants. Hoonhges whe repent inhareat anparen of