On March 31, 2019, Brodie Corporation acquired bonds with a par value of $600,000 for $621,900. The bonds are due December 31, 2024, carry a 10% annual interest rate, pay interest on June 30 and December 31, and are being held to maturity. The accrued interest included in the acquisition price of the bonds. Brodie uses straight-line amortization.

Required:

1. Prepare journal entres for Brodie to record the purchase of the bonds and the first two interest receipts.

i attatched the general ledger journal to help you use key words for the journal entries

Chart of Accounts General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 431 Interest income 141 Inventory 152. Prepaid insurance EXPENSES 181 Equipment 500 Cost of Goods Sold 189 Accumulated Depreciation 511 Insurance Expense 191 Investment in Held-to-Maturity Debt Securities 512 Utities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense