On September 30, 2018, Runtex, Inc., purchased 6.0% bonds of Desloses Corporation at 99 as a long-term, hels-to-matunity investment. The maturity value of the bonds will be $20.000 on Septemt 2023. The bonds pay interest on March 31 and September 30. Runter's fiscal year and is December 31 Read the requirements Requirement 1. What method should Runtex use to account for its investment in the Deafooes Corp, bonds? Runtex should use the amortized cost method to account for its investment in the Destoses Corp. bonds, Requirement 2. Using the straight line method of amortizing the discount on bonds, journalize all of Runter's transactions on the bonds for 2018. (Record debits first, thon credits. Exclude explanatis any journal entries.) Start by oumalizing the purchase of the bonds in Desfoses on September 30, 2018 Requirements Journal Entry Date Accounts Debit Credit Sep 30 1. What method should Runtex use to account for its investment in the Dostosos Corp, bonds? 2. Using the straight-line method of amortizing the discount on bonds, Journalize al of Rurtex's transactions on the bonds for 2018 3. Show how Runtex would report everything related to the bond investment on its balance sheet at its year-end, December 31, 2018