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Rickey Company borrowed money by issuing $5,000,000 of 6% bonds payable at 101,2 on July 1,2021 . The bonds are five-year bonds and pay intorest

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Rickey Company borrowed money by issuing $5,000,000 of 6% bonds payable at 101,2 on July 1,2021 . The bonds are five-year bonds and pay intorest each January 1 and July 1. Read the mequirements 1. How much ci Requirements 1. How much cash did Rickey receive when it issued the bonds payable? Journalize this transaction. 2. How much must Rickey pay back at maturity? When is the maturity date? 3. How much cash interest will Rickey pay each six months? 4. How much interest exponse will Rickey roport each six moriths? Use the straight-1ne amorization method. Journaize the entries for the accrual of interest and the amertization of premium on December 31,2021 , and payment of interest on January 1, 2022

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