Suppose Ritter Brothers purchases $1,200,000 of 5% annual bonds of McPhee 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. Ritter intends to hold the McPhee bond investment until maturity. Read the requirements. Requirements Requirement 1. Journalize Ritter Brothers'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 Ritter Brothers' investment on January 1, 2018. Date 2018 Jan. 1 Accounts and Explanation Next, journalize the receipt of cash interest on June 30, 2018. Date Accounts and Explanation 2018 Jun. 30 Debit Credit Debit Credit