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Ereen NDFUC 7. On January 1, 2024, the Hawdon Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2027, and

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Ereen NDFUC 7. On January 1, 2024, the Hawdon Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2027, and pay interest of 6% on June 30 and December 31. The market rate of interest was 6% on January 1, 2024, so the $90,000 maturity value bonds sold for face value Hawden Corporation intends to hold the bonds until maturity. Journalize the transactions related to Hawden 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) ECODDA DED 109E.jpec Begin by joumalizing Hawden Corporation's investment in Small Town bonds on January 1, 2024 Date Accounts and Explanation Debit Credit Jan 1, 2024 Equity Investments IMG_4630 Cash 4 Speg Purchased investment in bonds Next, joumalue Howden Corporation's receipt of interest on June 30, 2024 Date Accounts and explanation Debit Credit FAGFCFEF- -2-41-55.2024 Jun 30 Cash Interest Revenue Ereen Ereens F09.0 FCR-2012 -37228. reens 09...0 Received cash interest Now journize Hawden Corporation's receipt of interest on December 31, 2024 Date Accounts and Explanation nam 1, 2012 Chi Debit Credit screen Time Remaining: 012731 Next otv MacBook Pro

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