(a) Journalize the company's purchase of inventory. (b) Journalize the company's payment of the note plus interest on December 1,2021, friecord debalu first, then crecitu. Exckude explanations from any joutnai entries.) Savvy Drive-Ins Ltd, borrowed money by issuing $1,000,000 of 6% bonds poyable at 98.5 on July 1,2021 . The bonds are 10 -year bonds and pay interest esch Jaruary 1 and J14y1. Rend the reguirements. 1. How much cash did Savy receive when it issued the bonds payable? Joumalize this transaction. Whan the bonds payable were issued, Sary received, Joumaiuse the issuance of the bonds payable. (Record debits first, then credes. Exclude explanations from any journal entries.) 2. How much must Savy pay back at maturity? When is the maturity date? Al maturity, 5avyy must pay back The maturity date is 3. How much cash interest will Savy pay each six months? Every six months, Savy will pay interest of 4. How much interest expense will Savy report each six months? Use the straight-line amortization method. Joumalize the entries for the accrual of interest and amortzaton of discount on December 31, 2021, and the payment of interest on January 1, 2022. Every six months; Sawy will roport interest exponse of Requirements 1. How much cash did Savvy receiye when it issued the bonds payable? Journalize this transaction. 2. How much must Savvy pay back at maturity? When is the maturity date? 3. How much cash interest will Savvy pay each six months? 4. How much interest expense will Savvy 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