Outer Mile & Co. owns vast amounts of corporate bonds. Suppose Outer Mile buys $1,000,000 of HoutenCorp bonds at face value on January 2, 2018. The HoutenCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2022. Outer Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Outer Mile receive each year from HoutenCorp? 3. How much interest revenue will Outer Mile report during 2018 on this bond investment? Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Outer Mile's investment on January 2, 2018. Date Accounts and Explanation Debit Credit 2018 Jan. 2 Next, journalize the receipt of cash interest on June 30, 2018. Choose from any list or enter any number in the input fields and then continue to the next question. Outer Mile & Co. owns vast amounts of corporate bonds. Suppose Outer Mile buys $1,000,000 of HoutenCorp bonds at face value on January 2, 2018. The HoutenCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2022. Outer Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Outer Mile receive each year from HoutenCorp? 3. How much interest revenue will Outer Mile report during 2018 on this bond investment? Dec. 31 Requirement 2. How much cash interest will Outer Mile receive each year from HoutenCorp? Outer Mile will receive $ of cash interest each year from HoutenCorp. Requirement 3. How much interest revenue will Outer Mile report during 2018 on this bond investment? Outer Mile will report $ of interest revenue during 2018 on this bond investment. Choose from any list or enter any number in the input fields and then continue to the next