Investment in Bonds:

On 0101/18, Jaydee Company purchases $1,000,000 of 6%, 5 year bonds of West Co. at face value. The bonds pay interest on June 30 and December 31, each year and Jaydee intends to hold the securities until maturity. The bonds mature on December 31 2022.

Required: Record the following Journal entries

1) Record the Journal Entry for the purchase of the bonds.

2) Record the Journal Entry for the June 30, receipt of interest.

2) Record the Jounal Entry at Maturity; Assume that the last interest payment has already been received.