Please show all work and calculations

E13-7 Purchase, erest on June l amortization schedule usinE 30,2018, and December 31, n purchased bonds with a a major LO 13.2 face value of $300,000 for $307,493.34 on January 1, 2018. The Premium Amortization, and Sale of Bond Investment Gila to maturity, afinterest of 12%, pay a major acquisition, the bor tion pu interest semiannually on June 30 and December 31, were purchased to be heia n 2020, and were purchased to yield 11%. On January i, were sold for $300,000. Glover uses the effective interest method. s carry a face rate of interest to be held d to maturity, are due December 31, 2019, in contemplation of Required: 1. Prepare journal entries to record the purchase of the bonds, the first two interest receipts, and the sale of the bonds. Next Level Discuss the considerations involved when held-to-maturity debt se maturity date 2. securities are sold prior to their