Nautical & Co owns vast amounts of corparate bonds. Suppose Nautical buys $1,200,000 of BloomCo bonds at face value on January 2, 2018. The BloomCo bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on Decmeber 31, 2022. Nautical intends to hold the investment until maturity.

ad Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Nautical receive each year from BloomCo? 3. How much interest revenue will Nautical report during 2018 on this bond investment? Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select Begin by journalizing Nautical's investment on January 2, 2018. Date Accounts and Explanation Debit Credit 2018 Jan. 2 ad Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Nautical receive each year from BloomCo? 3. How much interest revenue will Nautical report during 2018 on this bond investment? Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select Begin by journalizing Nautical's investment on January 2, 2018. Date Accounts and Explanation Debit Credit 2018 Jan. 2