Remote Down & Co. owns vast amounts of corporate bonds. Suppose Remote Down buys $500,000 of HoutenCorp bonds at face value on January 2, 2018. The HoutenCorp bonds pay interest at the annual rate of 8% on June 30 and December 31 and mature on December 31, 2037. Remote Down intends to hold the investment until maturity. Date Requirements 1. Journalize any required 2018 entries for the bond investment. 2018 Jan. 2 2. How much cash interest will Remote Down receive each year from HoutenCorp? Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Remote Down's investment on January 2, 2018. Accounts and Explanation 3. How much interest revenue will Remote Down report during 2018 on this bond investment? Debit Credit

Requirement 1. Journalize any required 2018 entries for the bond investment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Remote Down's investment on January 2, 2018