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Suppose Jenner and Sons purchases $800,000 of 4% annual bonds of Buster Brown Corporation at face value on Januar 2018. These bonds pay interest on

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Suppose Jenner and Sons purchases $800,000 of 4% annual bonds of Buster Brown Corporation at face value on Januar 2018. These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2021. Jenner inte to hold the Buster Brown bond investment until maturity. Read the requirements Requirement 1. Journalize Jenner 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 Jenner and Sons investment on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 1 Next, journalize the receipt of cash interest on June 30, 2018 Date Accounts and Explanation Debit Credit 2018 Jun 30 Joumare the receipt of cash interest on December 31, 2018 Date Accounts and Explanation 2018 Dec 31 Debit Credit Mega 2. Journal they regred on the Buste Brown bonds may date. Assume the best interest payment as been recorded) Record debits first the credits Select the explanation in the last of the many Accounts and Explanation Credit Choose the store the then contesto Accounts and Explanation Debit Credit i Requirements - 1. Journalize Jenner and Sons's transactions related to the bonds for 2018. 2. Journalize the entry required on the Buster Brown bonds maturity date (Assume the last interest payment has already been recorded) Print Done

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