19 00:55:25 Clinton Co. buys $390,000 of Bush Co.'s 6%, 10-year bonds payable, at par value...

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19 00:55:25 Clinton Co. buys $390,000 of Bush Co.'s 6%, 10-year bonds payable, at par value on September 1. Interest payments are made every six months. Clinton plans to hold the bonds for the entire 10 years. When the bonds mature, how should Clinton record the receipt of the proceeds? Multiple Choice eBook Debit Cash $390,000; credit Debt Investments-Held-to-maturity (HTM) $390,000. Debit Cash $390,000; credit Bonds Payable $390,000. Debit Long-Term Investments-Held-to-maturity (HTM) $390,000; credit Cash $390,000. Debit Cash $390,000; credit Interest Receivable $390,000. Debit Cash $390,000; credit Interest Revenue $390,000. 19 00:55:25 Clinton Co. buys $390,000 of Bush Co.'s 6%, 10-year bonds payable, at par value on September 1. Interest payments are made every six months. Clinton plans to hold the bonds for the entire 10 years. When the bonds mature, how should Clinton record the receipt of the proceeds? Multiple Choice eBook Debit Cash $390,000; credit Debt Investments-Held-to-maturity (HTM) $390,000. Debit Cash $390,000; credit Bonds Payable $390,000. Debit Long-Term Investments-Held-to-maturity (HTM) $390,000; credit Cash $390,000. Debit Cash $390,000; credit Interest Receivable $390,000. Debit Cash $390,000; credit Interest Revenue $390,000.