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Suppose Weinstein Brothers purchases $1,000,000 of 3% annual bonds of Clarkson Corporation at face value on January 1, 2024. These bonds pay interest on June

Suppose Weinstein Brothers purchases $1,000,000 of 3% annual bonds of Clarkson 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. Weinstein intends to hold the Clarkson bond investment until maturity. Read the requirements, Requirement 1. Journalize Weinstein Brothers' 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 Weinstein Brothers' 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 Debit Credit Debit Credit Journalize the receipt of cash interest on December 31, 2024. Date 2024 Dec. 31 Accounts and Explanation Debit Credit Requirement 2. Journalize the entry required on the Clarkson 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 2033 Dec. 31 Accounts and Explanation Debit Credit

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