On January 1, 2024, the Cook's Restaurant decides to invest in Lake Redburgh bonds. The bonds mature on December 31, 2030, and pay interest on June 30 and December 31 at 7% annually. The market rate of interest was 7% on January 1, 2024, so the $140.000 maturity value bonds sold for face value. Cook's intends to hold the bonds until December 31, 2030. CHRI Requirements 1. Journalize the transactions related to Cook's investment in Lake Redburgh bonds during 2024. 2. In what category would Cook's report the investment on the December 31, 2024, balance sheet? Requirement 1. Journalize the transactions related to Cook's investment in Lake Redburgh bonds during 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Cook's investment in Lake Redburgh bonds on January 1, 2024. Date Accounts and Explanation Debit Credit 2024 Jan. 1