Suppose Jenner and Sons purchases $600,000 of 4.5% annual bonds of McPhee 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, 2033. Jenner intends to hold the McPhee bond investment until maturity. Read the requirements. Requirement 1. Journalize Jenner and Sons' transactions related to the bonds for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Jenner and Sons' investment on January 1, 2024. Date 2024 Jan. 1 Accounts and Explanation 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 Accounts and Explanation Dec. 31 Debit Credit Debit Credit Debit Credit Snipping Tool Screenshot copied to clipboard and saved Select here to mark up and share. Requirement 2. Journalize the entry required on the McPhee 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 Accounts and Explanation Debit Credit 2033 Dec. 31