Suppose Donahue Brothers purchases $750,000 of 6.5% asncul bonds of McPhee Corporation at lace value on January 1, 2024. These bonds pay interest on Jone 30 and Decenber 31 each yeat. They mature an December 31 . 2033. Donahue intends to hold the McPhee bond investment untl maturity Read the requirments Requirement 1. Journalice Donahue Brothers' transactions relaved to the bonds for 2024. Perecord debits first, then credts. Select the explanation on the last line of the journal entry table) Begin by lournaleing Donahwe Brothers' investenent on Jahwary 1, 2024. Next. journalize the receipt of cash interest on dune 30,2024 Journalce the receipt of carh intorest on Deceenber 31, 2024 Requirement 2. Journalize the entry required on the Mohse boodi maturity date (Assume the lant interest paymen) has already been recorded) (Record debils frite then creder Select twe opplanation on the last lina of the foumal