E10-9 (similar to) Question Help Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $800,000 of CocoCorp bonds at face value on January 2, 2018. The CocoCorp bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2027. Astro Mile intends to hold the investment until maturity Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Astro Mile receive each year from CocoCorp? 3. How much interest revenue will Astro Mile report during 2018 on this bond investment? Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Astro Mile's investment on January 2, 2018. Date Accounts and Explanation Debit Credit 2018 Jan. 2 Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check