Held-to-Maturity Investments On January 1, 2019, a company pays $5,222.591 for a year corporate bond with a face value of $5 million. The bond pays interest at 5 percent on December 1 of each year, and the principal is due on December 31 2023. The investment yields a 4 percent compound annual return to maturity. The company cassifies the bond as a held-to-maturity investment Required Prepare the journal entries to record the investment on January 1, 2019, receipt of the interest payments on December 31 of each year 2019 through 2003, and receipt of the bond principal on December 31, 2013 the effective interest method 1 General Journal Date Description Debut Credit 19 12 12/12 mentin HIM . . To record recitin bando Check