Suppose Walker Brothers purchases $1,100,000 of 6.5% 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, 2027. Walker intends to hold the McPhee bond investment until maturity. Read the requirements Accounts an Explanation Leul Lreuil 2018 Jun. 30 Journalize the receipt cash interest on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31 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 2027 Dec. 31 Suppose Walker Brothers purchases $1,100,000 of 6.5% 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, 2027. Walker intends to hold the McPhee bond investment until maturity. Read the requirements Requirement 1. Journalize Walker 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 Walker Brothers' investment on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 1 Debit Credit Next, Jaumalize the receipt of cash Interest on June 30, 2018. Date Accounts and Explanation 2018 Jun. 30 Journalize the receipt of cash interest on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Suppose Walker Brothers purchases $1,100,000 of 6.5% 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, 2027. Walker intends to hold the McPhee bond investment until maturity. Read the requirements, Requirement 1. Journalize Walker 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 Walker Brothers' investment on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 1 - X Requirements 1. 2. Joumalize Walker Brothers's transactions related to the bonds for 2018. Journalize the entry required on the McPhee bonds maturity date. (Assume the last interest payment has already been recorded.) Next, Joumalize the receipt of cash Interest on June 30, 2018, Date Accounts and Explanation 2018 Jun. 30 Print Done Debit Credit Journalize the receipt of cash interest on December 31, 2018. Date Accounts and Explanation 2018 Dec. 31