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On January 1, 2018, the Gourmet's Restaurant decides to invest in Lake Goodlock bonds. The bonds mature on December 31, 2021, and pay interest on

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On January 1, 2018, the Gourmet's Restaurant decides to invest in Lake Goodlock bonds. The bonds mature on December 31, 2021, and pay interest on June 30 und December 31 at 6% annually. The market rate of interest was ex on January 1, 2018, so the $100,000 maturity value bonds sold for face value Goumet's intends to hold the bonds until December 31, 2021 Requirements 1. Journalire the transactions related to Gourmet's investment in Lake Goodlock bords during 2018 2. In what gory would Gomer's report the investment on the December 31, 2018, balance sheet? Requirement 1. Joumare the reactions related to Gourmet's investment in Lake Goodlock bonds during 2018. (Record debits first the credits Select the explanation on the line of the jumal entry tale) Begin by journaling Gourmet's investment in Lake Goodock bonds on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 1 Det Crecht Next jou Gourmet's receipt of interest on June 30, 2018 Date Accounts and Explanation 2018 Jun 30 Choose from any or enter any number in the input de and the continue to the next Next, journalize Gourmet's receipt of interest on June 30, 2018 Date Accounts and explanation Debit Credit 2018 Jun 30 Debit Credit Now journalize Gourmet's receipt of interest on December 31, 2018 Date Accounts and Explanation 2018 Dec. 31 Requirement 2. In what category would Gourmet's report the investment on the December 31, 2018, balance sheet? at the next question Requirement 2. In what category would Gourmet's report the investment on the December 31, 2018, balance sheet? Gourmet's would report the investment as ain) debt investment classified as a asset on the December 31, 2018, balance sheet Choose from any list or enter any number in the input fields and then continue to the next

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