On January 1, 2018, the Goodlock Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2025, and pay interest of 5% on June 30 and December 31. The market rate of interest was 5% on January 1, 2018, so the $ 60 comma 000 maturity-value bonds sold for face value. Goodlock Corporation intends to hold the bonds until maturity. Journalize the transactions related to Goodlock Corporation's investment in Small Town bonds during 2018.
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On January 1, 2018, the Goodlock Corporation decides to invest in Small Town bonds. The bonds mature...
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