Please complete the following below, mark any answer I previously gave as incorrect/correct for my current homework problem:

Homer Company borrowed money by issuing S4,500,000 of 4% bonds payable at 102.5 on July 1, 2016. The bonds are five-year bonds and pay interest each January 1 and July 1. 1. How much cash did Homer receive when it issued the bonds payable? Journalize this transaction. 2. How much must Homer pay back at maturity? When is the maturity date? 3. How much cash interest will Homer pay each six months? 4. How much interest expense will Homer report each six months? Assume the straight-line amortization method. Journalize the entries for accrual of interest and amortization of premium on December 31, 2016, and payment of interest on January 1, 2017. 1. How much cash did Homer receive when it issued the bonds payable? Journalize this transaction, Homer received 4612500 when the bonds payable were issued. Journalize the issuance of the bonds payable. (Record debits first then credits. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debi Credit Cash 461 2500 112500 Discount on Bonds Payable 4500000 Bonds Payable 2. How much must Homer pay back at maturity? When is the maturity date? At maturity, Homer must pay back s 4612500 The maturity date is July 1, 2021