On January 1, 2024, the Proctor's Restaurant decides to invest in Lake Langdon bonds. The bonds mature on December 31, 2028, and pay interest on June 30 and December 31 at 8% annually. The market rate of interest was 8% on January 1, 2024, so the $120,000 maturity value bonds sold for face value. Proctor's intends to hold the bonds until December 31, 2028. Requirements 1. Joumalize the transactions related to Proctor's investment in Lake Langdon bonds during 2024 2. In what category would Proctor's report the investment on the December 31. 2024, balance sheet? Requirement 1. Journalize the transactions related to Proctor's investment in Lake Langdon bonds during 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by Journalizing Proctor's investment in Lake Langdon bonds on January 1, 2024 Date Accounts and explanation Debit Credit 2024 Jan 1 then clicy Chark