Savvy Drive-Ins Ltd. borrowed money by issuing $4,000,000 of 8% bonds payable at 93.5 on July 1, 2018. 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. Savvy received $ when the bonds payable were issued. Journalize the issuance of the bonds payable. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Jul 1 2. How much must Savvy pay back at maturity? When is the maturity date? At maturity, Savvy must pay back $ - The maturity date is 3. How much cash interest will Savvy pay each six months? Savvy will pay interest of $ each six months. Choose from any list or enter any number in the input fields and then continue to the next question. At maturity, Savvy must pay back $ D . The maturity date is 3. How much cash interest will Savvy pay each six months? Savvy will pay interest of $ 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, 2018, and the payment of interest on January 1, 2019. Savvy will report of interest expense each six months. Journalize the entry for the accrual of interest and amortization of discount on December 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Dec Journalize the entry for the payment of interest on January 1, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Choose from any list or enter any number in the input fields and then continue to the next question. Savvy Drive-Ins Ltd. borrowed money by issuing $4,000,000 of 8% bonds payable at 93.5 on July 1, 2018. The bonds are 10-year bonds and pay interest each January 1 and July 1. Read the requirements. on December 31, 2018, and the payment of interest on January 1, 2019. Savvy will reports of interest expense each six months. Journalize the entry for the accrual of interest and amortization of discount on December 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Dec 31 L Journalize the entry for the payment of interest on January 1, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Jan Choose from any list or enter any number in the input fields and then continue to the next