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.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.