> Problems Group B Le 1. P10-21B Accounting for debt investments Suppose Hale and Sons purchases $800,000 of 3.5% annual bonds of Tyson Way Corporation at face value on January 1, 2018. These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2022. Hale and Sons intends to hold the Tyson Way bond investment until maturity. Requirements 1. Journalize Hale and Sons's transactions related to the bonds for 2018. 2. Journalize the entry required on the Tyson Way bonds maturity date. (Assume the last interest payment has already been recorded.) P10-21B Requirement 1 Accounts and Explanation Debit Credit Date 2018 Jan. 1 Jun 30 Dec. 31 Calculations: Semiannual interest payment received Face (par) value Annual stated rate Semiannual interest revenue is equal to the semiannual interest payment received, because the bonds were purchased at face (par) value, rather than at a discount or premium Semiannual interest revenue is equal to the semiannual interest payment received, because the bonds were purchased at face (par) value, rather than at a discount or premium Requirement 2 Accounts and Explanation Debit Credit Date 2022 Dec. 31