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Suppose Hale and Sons purchases $700,000 of 5% annual bonds of Whitmore Corporation at face value on January 1, 2018. These bonds pay interest on

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Suppose Hale and Sons purchases $700,000 of 5% annual bonds of Whitmore Corporation at face value on January 1, 2018. These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2021. Hale intends to hold the Whitmore bond investment until maturity Read the requirements Requirement 1. Journalize Hale and Sons's transactions related to the bonds for 2018. (Record debits 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, 2018 - Requirements 1. Journalize Hale and Sons's transactions related to the bonds for 2018. 2. Journalize the entry required on the Whitmore bonds maturity date. (Assume the last interest payment has already been recorded.) Print Done

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