On January 1, 2018, the Chef's Restaurant decides to invest in Lake Requirements Langdon bonds. The bonds mature on December 31, 2022, and pay 1. Joumalize the transactions related to Chef's investment in Lake interest on June 30 and December 31 at 7% annually. The market rate of Langdon bonds during 2018 interest was 7% on January 1, 2018, so the $140,000 maturity value bonds sold for face value. Chef's intends to hold the bonds until 2. In what category would Chef's report the investment on the December 31, 2022 December 31, 2018, balance sheet? Requirement 1. Journalize the transactions related to Chefs investment in Lake Langdon bonds during 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Chef's investment in Lake Langdon bonds on January 1, 2018 Accounts and Explanation Credit 2018 Date Debit Jan 1 Next, joumalize Chef's receipt of interest on June 30, 2018 Date Accounts and Explanation 2018 Debit Credit Jun 30 Debit Credit Now Journalize Chef's receipt of interest on December 31, 2018 Date Accounts and Explanation 2018 Dec 31 Requirement 2. In what category would Chef's report the investment on the December 31, 2018, balance sheet? Chef's would report the investment as an) debt investment classified as a asset on the December 31, 2018 balance sheet