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On January 1, 2024, the Gourmet's Restaurant decides to invest in Lake Redburgh bonds. The bonds mature on December 31, 2031. and pay interest on

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On January 1, 2024, the Gourmet's Restaurant decides to invest in Lake Redburgh bonds. The bonds mature on December 31, 2031. and pay interest on June 30 and December 31 at 6% annually. The market rate of interest was 6% on January 1, 2024, so the $80,000 maturity value bonds sold for face value Gourmet's intends to hold the bonds until December 31, 2031 Requirements 1. Journalize the transactions related to Gourmet's Investment in Lake Redburgh bonds during 2024 2. In what category would Gourmet's report the investment on the December 31, 2024, balance sheet? Requirement 1. Journalize the transactions related to Gourmet'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 Gourmet's investment in Lake Redburgh bonds on January 1, 2024 Accounts and Explanation Credit 2024 Jan. 1 Date Debit Next, journalize Gourmet's receipt of interest on June 30, 2024 Date Accounts and Explanation 2024 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Next, journalize Gourmet's receipt of interest on June 30, 2024. Date Accounts and Explanation 2024 Jun. 30 Debit Credit Es Now journalize Gourmet's receipt of interest on December 31, 2024. Date Accounts and Explanation Debit Credit 2024 R Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Now journalize Gourmet's receipt of interest on December 31, 2024 Date Accounts and explanation 2024 Debit Credit es Dec. 31 Requirement 2. In what category would Gourmet's report the investment on the December 31, 2024, balance sheet? Gourmet's would report the investment as an) debt investment classified as a asset on the December 31, 2024, balance sheet, Choose from any list or enter any number in the input fields and then continue to the next question. Javascript dolxercise

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