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Drive-Ins borowed money by w g 54,500,000 of 6% bonds payable only 1, 2018 The bonds are 10 year bonds and pay rest each January

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Drive-Ins borowed money by w g 54,500,000 of 6% bonds payable only 1, 2018 The bonds are 10 year bonds and pay rest each January 1 and 1 ead the requirements How much cash did Sunset receive when ned the bonds payable? Joumalize this transaction Sunset received when the bonds payable were issued Journalize the ance of the bonds payable (Record debts is the credits Exclude explanations from any oumal entries) Journal Entry Debit Credit 2. How much must Sunset pay back at maturity When is the maturity date? At maurity Sunset must pay back Choose from any or enter any number in the inputs and then continue to the next question Read the requirements 3. How much cash interest will Sunset pay each six months? Sunset will pay interest of $ each six months 4. How much interest expense will sure report each six months? Use the straight-line amortization method Journalize the entries for the accrual of interest and amortization of dis of interest on January 1, 2019 Sunset will reports of interest expense each six months Journalize the entry for the accrual of interest and amortization of discount on December 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Accounts Date Debi Credit Choose from any list or enter any number in the input helds and then continue to the next question Read the requirements Journal Entry Date Accounts Debit Credit Dec Journalize the entry for the payment of interest on January 1, 2019. (Record debits first, then credits. Exclude explanations from any journal entries Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next

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