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Rickey Company borrowed money by issuing $6,000,000 of 7% bonds payable at 1012 on July 1, 2018. The bonds are five your bonds and pay

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Rickey Company borrowed money by issuing $6,000,000 of 7% bonds payable at 1012 on July 1, 2018. The bonds are five your bonds and pay interest ench January 1 and July 1 Read the requirements 1. How much cash did Rickey receive when it issued the bonds payable? Journalize this transaction Rickey received when the bonds payable were issued 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 expense will Rickey 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

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