Superior ​Drive-Ins Ltd. borrowed money by issuing $4,500,000 of 6​% bonds payable at 96.5 on July​ 1, 2018. The bonds are​ 10-year bonds and pay interest each January 1 and July 1. Requirements 1. How much cash did Superior receive when it issued the bonds​ payable? Journalize this transaction. 2. How much must Superior pay back at​ maturity? When is the maturity​ date? 3. How much cash interest will Superior pay each six​ months?

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