Homework: Chapter 10 Assignment Score: 0.09 of 1 pt %E10-10 (similar to) Outer Mile & Co wys vast amounts of corporate bonds Suppose Outor Mile buys $1,000,000 of BloomCo bonds at face value on January 2, 2018 The BoomCo bonds pay interest at the annual rate of 5% December 31, 2037 Outer Me intends to hold the investment maturity Read the remonts Requirement 1. How would the bond vestimente casted on Outer Mie's December 31, 2018, balance sheet? The BloomCo bond investment will be classified as a long tornasse of December 31, 2018 Requirement 2a. Joumalize on Outer les books Recept of final interest payment on December 31, 2007. (Record debits first, the credits Select the explanation on the last line of the journal entry table) Date Accounts and explanatica bit 2037 Dec 31 81 18