Savvy Drive-Ins Ltd. borrowed money by issuing $6,000,000 of 6% bonds payable at 98.5 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.) Date Jul Journal Entry Accounts Debit Credit 2. How much must Savvy pay back at maturity? When is the maturity date? At maturity, Savvy must pay back The maturity date is Next