Kelvin Compary borrowed money by issuing $3,500,000 of 7% bonds payable at 102.1 on July 1,2021 . The bonds are five-year bonds and pay inferost each Janiary 1 and July 1. Read the coculicomants 1. How much cash did Kelvin roceive when it issued the bonds payable? Journalize this transaction. When it issued the bonds payabie, Kelvin recelved Requirements 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? 4. How much interest expense will Kelvin report each six months? Use the straight-line amortization method. Journalize the entries for the accrual of interest and the amortization of premium on December 31, 2021, and payment of interest on January 1, 2022. Kelvin Compary borrowed money by issuing $3,500,000 of 7% bonds payable at 102.1 on July 1,2021 . The bonds are five-year bonds and pay inferost each Janiary 1 and July 1. Read the coculicomants 1. How much cash did Kelvin roceive when it issued the bonds payable? Journalize this transaction. When it issued the bonds payabie, Kelvin recelved Requirements 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? 4. How much interest expense will Kelvin report each six months? Use the straight-line amortization method. Journalize the entries for the accrual of interest and the amortization of premium on December 31, 2021, and payment of interest on January 1, 2022