Question Help 6. On January 1, 2016, the Langdon Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2023, and pay interest of 7% on June 30 and December 31. The market rate of interest was 7% on January 1, 2016, so the $50,000 maturity value bonds sold for face value. Langdon Corporation intends to hold the bonds until maturity. Journalize the transactions related to Langdon Corporation's investment in Small Town bonds during 2016. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Langdon Corporation's investment in Small Town bonds on January 1, 2016. Date Accounts and Explanation Debit Credit Jan. 1. 2016 har in the init fields and then continue to the next question. 6. On January 1, 2016, the Langdon Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2023, and pay interest of 7% on June 30 and face value. Langdon Corporation intends to hold the bonds until maturity. Journalize the transactions related to Langdon Corporation's investment in Small Town bonds durin Accounts and explanation Debit Credit Jan 1, 2016 Next, journalize Langdon Corporation's receipt of interest on June 30, 2016 Date Accounts and explanation Debit Credit Jun 30, 2016 Now journalize Langdon Corporation's receipt of interest on December 31, 2016 Accounts and Explanation Debit Credit Date Dec 31, 2016 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search