Suppose Solomon Brothers purchases $500,000 of 6% bonds of Morin Corporation at face value on January 1, 2024. These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2028. Solomon intends to hold the Morin bond investment until maturity.

Requirements
1. Journalize Solomon Brothers’ transactions related to the bonds for 2024.
2. Journalize the entry required on the Morin bonds maturity date. (Assume the last interest payment has already been recorded.)