Cromley purchased a bond on January $1,2024,$ for $$100,000.$ The bond has a face value of $$100,000$ and matures in $20$ years. The bond pays interest on June $30$ and December $31$ at a $2\%$ annual rate. Cromley plans on holding the investment until maturity.Read the requirementsRequirement $1.$ Journalize the $2024$ transactions related to Cromley's bond investment. Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal entries.$)$Begin by journalizing Cromley's investment on January $1,2024.$DateAccountsJan. $1$DebitCreditNext, journalize Cromley's receipt of interest on June $30,2024.$DateJun. $30$AccountsDebitCreditRequirements$1.$ Journalize the $2024$ transactions related to Cromley's bond investment.Explanations are not required$\mathrm{.}2.$ Journalize the transaction related to Cromley's disposition of the bond at maturity on December $31,2043.($Assume the last interest payment has already been recorded.$)$ Explanations are not required.XFinally, journalize Cromley's receipt of interest on December $31,2024.$DateDec. $31$AccountsPrintDoneDebitCreditRequirement $2.$ Journalize the transaction related to Cromley's disposition of the bond at maturity on December $31,2043.($Assume the last interest payment has already been recorded.$)$ Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal entries.$)$DateAccountsDebitCredit