2. 7. On January 1, 2018, the Redburgh Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2025, and pay interest of 8% on June 30 and December 31. The market rate of interest was 8% on January 1, 2018, so the $90,000 maturity-value bonds sold for face value. Redburgh Corporation intends to hold the bonds until maturity. Journalize the transactions related to Redburgh Corporation's investment in Small Town bonds during 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Redburgh Corporation's investment in Small Town bonds on January 1, 2018. Date Accounts and Explanation Debit Credit Jan 1, 2018 (2) (3) (4) (5) Next, journalize Redburgh Corporation's receipt of interest on June 30, 2018 Date Accounts and Explanation Debit Credit Jun 30, 2018 (6) (7) (8) (9) (10) Now journalize Redburgh Corporation's receipt of interest on December 31, 2018 Date Accounts and Explanation Debit Credit Dec 31, 2018 (11) (12) (13) (14) (15) (1) O O Cash Dividend Revenue O Fair Value Adjustment-Available-for-Sale O Fair Value Adjustment-Held-to-Maturity Unrealized Holding GainAvailable-for-Sale Interest Revenue Unrealized Holding Loss-Held-to-Maturity Equity Investments Held-to Maturity Debt Investments (2) O O Cash O Dividend Revenue O Fair Value Adjustment-Available-for-Sale O Fair Value AdjustmentHeld-to-Maturity Unrealized Holding GainAvailable-for-Sale Interest Revenue Unrealized Holding Loss-Held-to-Maturity Equity Investments O Held-to Maturity Debt Investments (3) Fair Value Adjustment-Held-to-Maturity Interest Revenue Equity Investments Held-to Maturity Debt Investments Unrealized Holding GainAvailable-for-Sale Unrealized Holding Loss-Held-to-Maturity O Cash O Dividend Revenue O Fair Value Adjustment-Available-for-Sale (4) O O Cash O Dividend Revenue O Fair Value Adjustment-Available-for-Sale O Fair Value AdjustmentHeld-to-Maturity O Unrealized Holding GainAvailable-for-Sale O Interest Revenue Unrealized Holding LossHeld-to-Maturity O Equity Investments O Held-to Maturity Debt Investments (5) O O Purchased investment in bonds. Received cash interest. O Disposed of bond at maturity. O Unrealized Holding Gain-Available-for-Sale Unrealized Holding Loss-Held-to-Maturity (6) O O Fair Value Adjustment-Held-to-Maturity Cash Interest Revenue Dividend Revenue O Long-Term InvestmentsAvailable-for-Sale Fair Value Adjustment-Available-for-Sale Long-Term InvestmentsHeld-to-Maturity O Unrealized Holding Gain-Available-for-Sale Unrealized Holding Loss-Held-to-Maturity (7) O O Fair Value Adjustment-Held-to-Maturity O Cash O Interest Revenue O Dividend Revenue O Long-Term Investments Available-for-Sale Fair Value AdjustmentAvailable-for-Sale Long-Term InvestmentsHeld-to-Maturity Unrealized Holding GainAvailable-for-Sale O Unrealized Holding Loss-Held-to-Maturity (8) O Cash O Dividend Revenue O Fair Value Adjustment-Available-for-Sale O Fair Value AdjustmentHeld-to-Maturity Interest Revenue O Long-Term Investments Available-for-Sale Long-Term InvestmentsHeld-to-Maturity Unrealized Holding GainAvailable-for-Sale Unrealized Holding Loss-Held-to-Maturity (9) O O Fair Value AdjustmentHeld-to-Maturity O Cash Interest Revenue O Dividend Revenue Long-Term Investments Available-for-Sale Fair Value AdjustmentAvailable-for-Sale Long-Term InvestmentsHeld-to-Maturity (10) O O Purchased investment in bonds. Received cash interest. Disposed of bond at maturity. (11) Unrealized Holding GainAvailable-for-Sale O Unrealized Holding LossHeld-to-Maturity O Cash O Dividend Revenue Fair Value Adjustment-Available-for-Sale O Fair Value Adjustment-Held-to-Maturity Interest Revenue O Long-Term InvestmentsAvailable-for-Sale O Long-Term InvestmentsHeld-to-Maturity (12) O O Fair Value AdjustmentHeld-to-Maturity O Cash O Interest Revenue Dividend Revenue Long-Term InvestmentsAvailable-for-Sale O Fair Value Adjustment-Available-for-Sale Long-Term InvestmentsHeld-to-Maturity Unrealized Holding GainAvailable-for-Sale Unrealized Holding Loss-Held-to-Maturity (13) Unrealized Holding GainAvailable-for-Sale Unrealized Holding Loss-Held-to-Maturity O Fair Value AdjustmentHeld-to-Maturity Cash Interest Revenue Dividend Revenue O Long-Term Investments Available-for-Sale O Fair Value Adjustment-Available-for-Sale Long-Term InvestmentsHeld-to-Maturity (15) O Unrealized Holding GainAvailable-for-Sale O Unrealized Holding Loss-Held-to-Maturity (14) O O Fair Value AdjustmentHeld-to-Maturity O Cash O Interest Revenue O Dividend Revenue O Long-Term InvestmentsAvailable-for-Sale O Fair Value Adjustment-Available-for-Sale Long-Term InvestmentsHeld-to-Maturity O Purchased investment in bonds. O Received cash interest. O Disposed of bond at maturity