QUESTION ONE

QUESTION 2

Read the reguiremerts 1. How much cash did Stwy receive when it asued the bondi payable? loumalice thit bansaction. When the bonds payable wern issued, 8aw recetived 2. How much must 5awy pay beck at maturty? When is the matialy date? Al maturity, Sayyy mual pay back The makurty date is 3. How much taah intarast wel sarvy pay each slx montens? Every ais months, Sayy wiof pay interest of Requirements 1. How much cash did Savvy receive when it issued the bonds payable? Journalize this transaction. 2. How much must Savvy pay back at maturity? When is the maturity date? 3. How much cash interest will Savvy pay each six months? 4. How much interest expense will Savvy report each six months? Use the straight-line amortization method. Journalize the entries for the accrual of interest and amortization of discount on December 31, 2021, and the payment of interest on January 1, 2022. avvy mus date is Ju cash inter nonths, Savvy will pay interest of Royal ine. includes the folowing selected acoounts in its general ledger at December 31, 2021: (Cick the icon to view the accounts.) Prepace the liablites section of Royars, balance sheet at December 31, 2021, to show how the company would roport these thenis: Report loed cument lisbuses and loeal long-iam libblises if an input field is not uned in the table ieave the teld empty; do not select a label or eriter a zero. includes the following selected accounts in its general ledger at December 31, 2021 : the icon to view the accounts.) liabilities section of Royal's, balance sheet at December 31,2021 , to show how the company would report these item is not used in the table leave the field empty; do not select a label or enter a zero.) Data table