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Remote Down & Co. owns vast amounts of corporate bonds. Suppose Remote Down buys $1,000,000 of MesoCorp bonds at face value on January 2, 2024.

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Remote Down \& Co. owns vast amounts of corporate bonds. Suppose Remote Down buys $1,000,000 of MesoCorp bonds at face value on January 2, 2024. The MesoCorp bonds pay interest at the annual rate of 8% on June 30 and December 31 and mature on December 31 , 2043. Remote Down intends to hold the investment until maturity. Requirements 1. Journalize any required 2024 entries for the bond investment. 2. How much cash interest will Remote Down receive each year from MesoCorp? 3. How much interest revenue will Remote Down report during 2024 on this bond investment? Requirement 1. Journalize any required 2024 entries for the bond investment. (Record debits first, then credin Select the explanation on the last line of the journal entry table.) Begin by journalizing Remote Down's investment on January 2, 2024

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