Suppose Hale and Sons purchases $600,000 of 3% annual bonds of Tyson Way Corporation at face value on January 1, 2024 These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2027. Hale intends to hold the Tyson Way bond investment until maturity Read the requirements Requirement 1. Joumalize Hale and Sons' transactions related to the bonds for 2024 (Record debts first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Hale and Sons' investment on January 1, 2024. Date 2024 Jan 1 Accounts and Explanation Debit Credit Next, journalize the receipt of cash interest on June 30, 2024 Date 2024 Jun 30 Accounts and Explanation Journalize the receipt of cash interest on December 31, 2024 Date 2024 Dec. 31 Accounts and Explanation Debit Credit Debit Credit Requirement 2. Journalize the entry required on the Tyson Way bonds maturity date (Assume the last interest payment has already been recorded) (Record debits first, then credits Select the explanation on the last line of the journal entry table) Date 2027 Dec 31 Accounts and Explanation Debit Credit