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Requirements On January 1, 2024, the Plato's Restaurant decides to invest in Lake Dimford bonds. The bonds mature on December 31, 2029, and pay interest

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Requirements On January 1, 2024, the Plato's Restaurant decides to invest in Lake Dimford bonds. The bonds mature on December 31, 2029, and pay interest on June 30 and December 31 at 8% annually. The market rate of interest was 8% on January 1. Journalize the transactions related to Plato's investment in Lake Dimford bonds during 2024 1. 2024, so the $80,000 maturity value bonds sold for face value. Plato's intends to 2. In what category would Plato's report the investment on the December 31 hold the bonds until December 31, 2029. 2024, balance sheet? Requirement 1. Journalize the transactions related to Plato's investment in Lake Dimford bonds during 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Plato's investment in Lake Dimford bonds on January 1, 2024. Date Accounts and Explanation Debit Credit 2024 Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer parts 3 remaining

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