7. On January 1, 2018, the College Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2022, and pay interest of 4% on June 30 and December 31. The market rate of interest was 4% on January 1, 2018, so the $20,000 maturity-value bonds sold for face value. College Corporation intends to hold the bonds until maturity. Journalize the transactions related to College Corporation's investment in Small Town bonds during 2018. f 8. On May 15, 2018, Mayer Co invests $8,000 in John, Inc. stock. John pays Mayer a $200 dividend on November 15, 2018. Mayer sells the John stock on December 10, 2018, for $7,500. Assume the Mayer Co does not have significant influence over John, Inc. Journalize the 2018 transactions related to Mayer's investment in John stock