* EF10-9 (similar to) Center Brook & Co Ownn vast amounts of corporate bonds. Suppose Center Brook buys $1,300,000 of BloomCo bonds at face value on January 2 2024. The BloomCo bonda pay interest at the annual rate of 3% on June 30 and December 31 and mature on December 31, 2038. Center Brook intends to hold the investment until maturity Question Help Requirements 1. Joumalize any required 2024 entries for the band investment 2. How much cash interest will Center Brook receive each year from BloomCo? 3. How much interest revenue wil Center Brook report during 2014 on this bond investment? Requirement 1. Journolite any required 2024 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 Center Brook's Investment on January 2, 2024 Date Accounts and Explanation Debit Credit 2024 Jan 2 Held to Maturity Debt investments 1,300,000 1,300,000 Cash Purchased investment in bonds Next, journalize the receipt of cash interest on June 30, 2024 Date Accounts and Explanation Debit Credit 2024 Jun 30 Cash Interest Revenue Received cash interest