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Please answer all parts Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in

Please answer all parts

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Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 10 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Butler plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing Butler's investment on January 1, 2018. Date Accounts Debit Credit Jan. 1 Requirements 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. 2. Journalize the transaction related to Butler's disposition of the bond at maturity on December 31, 2027. (Assume the last interest payment has already been recorded.) Explanations are not required. Print Print Done Done] Brookhaven & Co. owns vast amounts of corporate bonds. Suppose Brookhaven buys $1,000,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2032. Brookhaven intends to hold the investment until maturity. Read the requirements. Requirement 1. How would the bond investment be classified on Brookhaven's December 31, 2018, balance sheet? The RoastCo bond investment will be classified as a as of December 31, 2018. current asset i Requirements current liability long-term asset long-term liability 1. How would the bond investment be classified on Brookhaven's December 31, 2018, balance sheet? 2. Journalize the following on Brookhaven's books: a. Receipt of final interest payment on December 31, 2032. b. Disposition of the investment at maturity on December 31, 2032. Print Done

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