Oliver Company borrowed money by issuing $2,500,000 of 7% bonds payable 102.8 on July 1, 2018. The bonds are five-year bonds and pay interest each January 1 and Read the requirements - X Requirements 1. How much cash did Oliver receive when it issued the bonds payable? Journalize this transaction. 2. How much must Oliver pay back at maturity? When is the maturity date? 3. How much cash interest will Oliver pay each six months? 4. How much interest expense will Oliver 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, 2018, and payment of interest on January 1, 2019. Print Print Done