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Lance Brothers Enterprises acquired $560,000 of 4; bonds, dated Juy t. on July L. 2024, as a tong-term imvectment Manaqememi nas 31. Dreoare the journa entres (a) to record Lance Brothers investment in the bonds on July., 2024. and (o) to record interest on Desember 31.2024 at the effective imarket rate Notei it no entry is required for a transactionievent, telect "No journal entry required in the first account field. Journal entry worksheet Pecotd Lance Brothers investment in the boind on July 1.2024 ance Brothers Enterprises acquired $560,000 of 4% bonds, dated July i, on july 1.2024, as a long-term inestment Managememt nas the positive intent and ablity to hold the bonds until maturity. The manetintereft ogte (pled) was 54 for borids of cimilarns and December 31,2024 , at the effective imarketi rate Noteili no entry it required for a transaction/event, select "No journol entty requiked" in the firat aecount fieid. Journal entry worksheet Resord interest on December 31,2024 , at the effective (manket) rate