Kelvin Company borrowed money by issuing $1,500,000 of 5% bonds payable at 101.3 on July 1,2021 . The bonds are five-year bonds and pay interest each January 1 and July 1 . Read the requirements 1. 1. How much cash did Kelvin receive when it issued the bonds payable? Journalize this transaction. When it issued the bonds payable, Kelvin received Journalize the issuance of the bonds payable. (Record debits first, then credits. Exclude explanations from any journal entries.) 2. How much must Kelvin pay back at maturity? When is the maturity date? At maturity, Kelvin must pay back The maturity date is (5) 3. How much cash interest will Kelvin pay each six months? Every six months, Kelvin will pay interest of January 1, 2022. Every six months, Kelvin will report interest expense of Journalize the entry for accrual of interest and amortization of discount on December 31, 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. How much cash did Kelvin receive when it issued the bonds payable? Journalize this transaction. 2. How much must Kelvin pay back at maturity? When is the maturity date? 3. How much cash interest will Kelvin pay each six months? January 1, 2022