Lance Brothers Enterprises acquired $530,000 of 4% bonds, dated July 1, on July 1, 2018, as a long-term investment Management has ability to hold the bonds until maturity. The market interest rate bel) was 5% for bonds of similar risk and aturity. Lance Brothers paid $450,000 for the Investment in bonds and will receive interest semiannually on June 30 and December 31. Prepare the jourmal in the first account field.) entries (o) to record Lance Brothers' Investment in the bonds on July 1,2018, and tb) to record interest on ( "No Journal entry required" December 31, 2018, at the effectlive (market) rate. If no entry ls required for a transaction/event, select View transaction list Journal entry worksheet Record Lance Brothers' investment in the bonds on July 1, 2018. Note: Enter debits before credits Date July 01, 2018