Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $1,300,000 of CoteCorp bonds at face value on January 2, 2024. The CoteCorp bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2028. Astro Mile intends to hold the investment until maturity. Read the requirements. Requirement 1. How would the bond investment be classified on Astro Mile's December 31, 2024, balance sheet? The CoteCorp bond investment will be classified as a long-term asset as of December 31, 2024. Requirement 2a. Journalize on Astro Mile's books: Receipt of final interest payment on December 31, 2028. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date 2028 Dec. 31 Accounts and Explanation Received cash interest. Debit Credit

rate of 4% on June 30 and December 31 and mature on December 31, 2028. Astro Mile intends to hold the investment unti maturly. Read the regulements Requirement 1. Mow would the bond imestment be clashed on Astro Milet December 31, 2024, balance sheet? The Cobecopp bend mvestment will be classfed as a 'as of December 31, 2024 entry (abie.) Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $1,300,000 of CoteCorp bonds at face value on January 2 , June 30 and December 31 and mature on December 31,2028 . Astro Mile intends to hold the investment until maturity. 1. How would the bond investment be classified on Astro Mile's December 31, 2024, balance sheet? bond inv 2a. Jourm Requirements t, then credits 1. How would the bond investment be classified on Astro Mile's December 31, 2024 , balance sheet? 2. Journalize the following on Astro Mile's books: a. Receipt of final interest payment on December 31, 2028 . b. Disposition of the investment at maturity on December 31,2028