Sunset Drive-Ins Ltd. borrowed money by issuing $1,000,000 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 Sunset receive when it issued the bonds payable? Journalize this transaction. Sunset received $ 935,000 when the bonds payable were issued. Journalize the issuance of the bonds payable. (Record debits first, then credits. Exclude explanations from any journal entries.) Jul ht Date Journal Entry Accounts Debit Credit