Read the

Sunset Drive-Ins Ltd borrowed money by issuing of 5% bonds payable at 925 on July 1, 2021. The bonds ere ID-year bonds and pay interest each January 1 end July 1. Read the &quirements_ x Requirements 1. How much cash did Sunset receive when it issued the bonds payable? Journalize this transactiom When the bonds payable were issued, Sunset received 4. How much cash did Sunset receive when it issued the bonds payable? Journalize this transactiom How much must Sunset pay beck at maturity? When is the maturity date? How much cash interest will Sunset pay each six months? How much interest expense will Sunset 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, end the payment of interest on January 1, 2022. print Done