Take a Quiz/Test Latenight Drive-Ins Lid borrowed money by issuing $2,000,000 of 7% bonds payable at 925 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 Latenightrocive when itsed the bonds payable? Journal this transaction Latenightrecolved $ when the bonds payable were issued in the edit fields and then click Check Answer Check Ander Type here to search 10 / WERTYULOPI cas lock SPF G H I J K LLLL ZXIC v BNMT recei 1. How much cash did Latenight receive when it issued the bonds payable? Journalize this transaction. How much must Latenight pay back at maturity? When is the maturity date? How much cash interest will Latenight pay each six months? How much interest expense will Latenight 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. Print Done Hit fields at Clear All o B15 e @ 99 9