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8 of 13 16 completo) This Question: 12 pts League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $1.400,000 of
8 of 13 16 completo) This Question: 12 pts League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $1.400,000 of HoutenCorp bonds at face value on January 2, 2018. The HoutenCorp bonds pay interest at the annual rate of 3% on June 30 and December 31 and mature on December 31, 2037 League Up intends to hold the investment until maturity Requirements 1. Joumalize any required 2018 entries for the bond investment. 2. How much cash interest will League Up receive each year from 3. How much interest revenue will League Up report during 2018 Requirement 1. Journalize any required 2018 entries for the bond investment (Record debits first, the credits Select the explanation on the last line of the journal entry table.) Begin by joumaling League Up's investment on January 2, 2018 Date Accounts and Explanation 2018 Jan 2 Next, journalize the receipt of cash interest on June 30, 2018 Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question z * c v BN ME
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