Chapter 9 Graded Homework Question list Question 1, 59-4 (similar to) Part 1 of 8 Update Apple ID Settings HW Score: 0%, 0 O Points: 0 of 1 available until you sign in again Sunset Drive-Ins Ltd. borrowed money by issuing $1,000,000 of 7% bonds payable at 96.5 on July 1, 2021. The bonds are 10-year bonds and pay interest each January 1 and July 1 Read the requirements Question 1 Question 2 Question 3 1. How much cash did Sunset receive when it issued the bonds payable? Journalize this transaction When the bonds payat Requirements 1. How much cash did Sunset receive when it issued the bonds payable? Joumalize this transaction 2. How much must Sunset pay back at maturity? When is the maturity date? 3. How much cash interest will Sunset pay each six months? 4. How much interest expense will Sunset report each six months? Use the straight-line amortization method. Joumalize the entries for the accrual of interest and amortization of discount on December 31, 2021, and the payment of interest on January 1, 2022 Help me solve this Etext pages Get more help. Print Done X View Clear all Check answer ceive when it issued the bonds payable? Journalize this transaction. sued, Sunset received Requirements 1. How much cash did Sunset receive when it issued the bonds payable? Journalize this transaction. 2. How much must Sunset pay back at maturity? When is the maturity date? How much cash interest will Sunset pay each six months? 3. 4. How much interest expense will Sunset 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. Print Done