Shane's Computers decides to invest in North Country Enterprises on January 2, 2018. The market rate of interest was 3% on January 2, 2018, so the $110,000 maturity value bonds will be sold for face value. The bonds mature on December 31, 2022, and will pay interest on June 30 and December 31 at 3% annually.

1) Journalize Shane's Computers investment in North Country Enterprises bonds on January 2, 2018.

2) Journalize Shane's Computers receipt of interest on June 30, 2018.

3) Journalize Shane's Computers disposal of the bond on December 31, 2022, assume the last interest payment has been made.

Journal

Date	Description	Debit	Credit
January 2, 2018	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments
January 2, 2018	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments
June 30, 2018	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments
June 30, 2018	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments
December 31, 2022	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments
December 31, 2022	A/PA/RBond RevenueBondsCashDividendDividend RevenueInterest RevenueLong-Term Investments