On January ?1, 2018?, the Redburgh Corporation decides to invest in Small Town bonds

On January ?1, 2018?, the Redburgh Corporation decides to invest in Small Town bonds. The bonds mature on December ?31, 2024?, and pay interest of 6?% on June 30 and December 31. The market rate of interest was 6?% on January ?1, 2018?, so the $80,000 ?maturity-value bonds sold for face value. Redburgh Corporation intends to hold the bonds until maturity. Journalize the transactions related to Redburgh ?Corporation's investment in Small Town bonds during 2018. ?(Record debits? first, then credits. Select the explanation on the last line of the journal

journalize Redburgh ?Corporation's receipt of interest on June ?30, 2018.