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6 On January 1 2016, the Hawden Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2022 and pay interest
6 On January 1 2016, the Hawden Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2022 and pay interest of 7% on June 30 and December 31. The market ate of interest was 7% the S70 000 maturnity-value bonds sold for face value. Hawden Corporation intends to hold the bonds until maturity. Jounalize the transactions related to Hawden Corporation's investment in Small Town bonds during 2016. (Record debits first, then credits. Select the explanation on the last ine of the jounal entry table.) on January 1, 2016, so Begin by journalizing Hawden Corporation's investment in Small Town bonds on January 1, 2016. and Explan Date Debit Credit Jan. 1 2016 Next, journalize Hawden Corporation's receipt of interest on June 30, 2016. Date ts and Explanation Debit Credit Jun. 30, 2016 Now journalize Hawden Corporation's receipt of interest on December 31, 2016. Date Debit Credit Dec. 31 2016
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