Malcolm Company borrowed money by issuing $1,500,000 of 5% bonds payable at 101.8 on July 1,...

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Malcolm Company borrowed money by issuing $1,500,000 of 5% bonds payable at 101.8 on July 1, 2021. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the fequirements. 1. How much cash did Malcolm receive when it issued the bonds payable? Journalize this transaction. When it issued the bonds payable, Malcolm received Requirements 1. How much cash did Malcolm receive when it issued the bonds payable? Journalize this transaction. 2. How much must Malcolm pay back at maturity? When is the maturity date? 3. How much cash interest will Malcolm pay each six months? 4. How much interest expense will Malcolm 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.. - Malcolm Company borrowed money by issuing $1,500,000 of 5% bonds payable at 101.8 on July 1, 2021. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the fequirements. 1. How much cash did Malcolm receive when it issued the bonds payable? Journalize this transaction. When it issued the bonds payable, Malcolm received Requirements 1. How much cash did Malcolm receive when it issued the bonds payable? Journalize this transaction. 2. How much must Malcolm pay back at maturity? When is the maturity date? 3. How much cash interest will Malcolm pay each six months? 4. How much interest expense will Malcolm 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.. -