Savvy Drive-Ins Ltd, borrowed money by issuing $4,000,000 of 5% bonds payable at 97.5 on July 1,2021 . The bonds are 10-year bonds and pay interest each January 1 and July 1. Read the requirements. 1. How much cash did Savvy receive when it issued the bonds payable? Journalize this transaction. When the bonds payable were issued, Savvy received Journalize the issuance of the bonds payable. (Record debits first, then credits. Exclude explanations from any journal entries.) 2. How much must Savry pay back at maturity? When is the maturity date? At maturity, Sawy must pay back The maturity date is 3. How much cash interest will Savvy pay each six months? Every six months, Savvy will pay interest of 4. How much interest expense will Savry 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. Every six months, Savyy will report interest expense of Journalize the entry for the accrual of interest and amortization of discount on December 31, 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) Joumalize the entry for the payment of interest on January 1, 2022. (Record debits first, then credits. Exclude explanations from any journal entries.)