Patton investments completed the following investment transactions during 2018

Patton Investments completed the following investment transactions during 2018: (Click the loon to view the investment transactions.) Read the requirements Requirement 1. Journalize Patton's investment transactions. Explanations are not required. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining calls blank) Begin by journalizing Patton's investment on January 5, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 5 500,000 Available for Sale Debt Investments Cash 500,000 Purchased investment in bonds. Choose from any list or enter any number in the input fields and then click Check Answer at 1. Journalize Patton's in entry is required, select "No the last line of the jour malizing Patton's investm 2018 Jan. 5 Purchased Volcano Company's $500,000 bond at face value. Patton classified the investment as available for sale. The Volcano bond pays interest at the annual rate of 5% on June 30 and December 31 and matures on December 31, 2023, Management's intent is to keep the bonds for several years. Received an interest payment from Volcano. Received an interest payment from Volcano Adjusted the investment to its current market value of $490,500. Available for Sale De Cash Jun Dec. 30 31 31 Print Done A Requirements estment entry re anation on the last blank.) ent on Ja Accounts 1. Journalize Patton's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Patton's Volcano investment as of December 31, 2018 3. Prepare a comprehensive income statement for Patton Investments for year ended December 31, 2018. Assume net income was $380,000. ebt Invest Print Done