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Trevor Company borrowod money by issuing $5,500,000 of 5% bonds payable at 101.6 on July 1,2018 . The bonds are five.year bonds and pay irsecest

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Trevor Company borrowod money by issuing $5,500,000 of 5% bonds payable at 101.6 on July 1,2018 . The bonds are five.year bonds and pay irsecest each Jaruary 1 and July 1 . Read the cequirements. 1. How much cash did Trevor recelve when it issuod the bonds payable? Jourralize this transaction. Trevor received 5 whan the bonds payable were issued. Joumalite the issuance of the bonds payable. (Record debits. first, then credts. Exclude explanations from any joumsl entries.) 2. How much must Trever pay back at maturity? Whon is the maturity date? At maturity, Trevor must pioy back $ The masturity dele is Requirements 1. How much cash did Trevor receive when it issued the bonds payable? Journalize this transaction. 2. How much must Trevor pay back at maturity? When is the maturity date? 3. How much cash interest will Trevor pay each six months? 4. How much interest expense will Trevor report each six months? Use the straight-line amortization method. Journalize the entries for the accrual of interest and the amortization of premium on December 31, 2018, and payment of interest on January 1,2019

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