I'd really appreciate some help. Thank you in advance

On September 30,2021 , Rentex, Inc., purchased 7.0% bonds of Clarkson Corporation at 99 as a long-term, held-to-maturity investment. The maturity value of the bonds will be $40,000 on September 30 , 2026. The bonds pay interest on March 31 and September 30 . Rentex's fiscal year end is December 31. Read the requirements. Requirement 1. What method should Rentex use to account for its investment in the Clarkson Corp. bonds? Rentex should use the method to account for its investment in the Clarkson Corp. bonds. Requirement 2. Using the straight-line method of amortizing the discount on bondss, journalize all of Rentex's sransactions on the bonds for 2021 . (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the purchase of the bonds in Clarkson on September 30,2021. On September 30, 2021, Rentex, Inc., purchased 7.0% bonds of Clarkson Corporation at 99 as a lo 2026. The bonds pay interest on March 31 and September 30 . Rentex's fiscal year end is Decembe Requirements 1. What method should Rentex use to account for its investment in the Clarkson Corp, bonds? 2. Using the straight-line method of amortizing the discount on bonds, journalize all of Rentex's transactions on the bonds for 2021. 3. Show how Rentex would report everything related to the bond investment on its balance sheet at its year-end, December 31, 2021