7. On January 1, 2024, the Brillwood Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2030, and pay interest of 7% on June 30 and December 31. The market rate of interest was 7% on January 1, 2024, so the $90,000 maturity-value bonds sold for face value. Brillwood Corporation intends to hold the bonds until maturity. Journalize the transactions related to Brillwood Corporation's investment in Small Town bonds during 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Brillwood Corporation's investment in Small Town bonds on January 1, 2024. Date Accounts and Explanation Debit Credit Jan. 1, 2024