Sonic Drive-Ins Lid borrowed money by asuing $8,000,000 of 7% bonds payable at 93.5 on July 1, 2018. The bonds are 10-ynur bonds and pay interest each January and July 1. Read the requirements 1. How much canh did Sonic receive when it issued the bonds payablo? Journaize this transaction. Sonic received When the bonds payable were med. Journalize the issuance of the bonds payable (Record debits first, then credits. Exclude explanations from any Journal entre) Joumal Entry Debit Credit Date Accounts Jul 1 Choose from anymore any number in the input fields and then continue to the next question 2. How much must Sonic pay back at maturity? When is the maturity date? At maturity, Sonic must pay back $ The maturity date is 3. How much cash in ach six months? Sonic will pay interes July 1, 2018 July 1, 2019 July 1, 2028 each six months 4. How much interest port each six months? Use the straight-line amortization method. Journalize th 3. How much cash interest will Sonic pay each six months? Sonic will pay interest of each months 4. How much Interest expense will fionis report och six months? Use the straight line amortization method Joumate the entries for the scent of interest and motion of discount December 31, 2018, and the payment of Wreston January 1, 2010 Sonic will reports of interest expense each months Sonic Drive-Ins Ltd. borrowed money by issuing $6,000,000 of 7% bonds payable at 93.5 on July 1, 2018. The bonds are 10-year bonds and pay interest each Jan Read the requirements 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 Entry Debit Date Accounts Credit Dec 31 Journalize the entry for the payment of interest on January 1, 2019. (Record debits first, then credits. Exclude explanations from any foumal entries.) Journal Entry Accounts Debit Credit Jan Date