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Suppose Walker Brothers purchases $1,300,000 of 4% annual bonds of Bridge Corporation at face value on January 1, 2018. These bonds pay interest on June

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Suppose Walker Brothers purchases $1,300,000 of 4% annual bonds of Bridge 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. Walker intends to hold the Bridge 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 Requirements 1. Journalize Walker Brothers's transactions related to the bonds for 2018. 2. Journalize the entry required on the Bridge bonds maturity date. (Assume the last interest payment has already been recorded.) Next, journalize the receipt of cash interest on June 30, 2018 Date Accounts and Explanation Debit Print Done 2018 Jun. 30 Journalize the receipt of cash interest on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Requirement 2. Journalize the entry required on the Bridge 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 2021 Dec. 31

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