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27-2B December 30 2019. On January 1, 2019, Parsons Company purchased $84,000,10 year, 7% government bonds at 100 . The semiannual interest payment dates are

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27-2B December 30 2019. On January 1, 2019, Parsons Company purchased $84,000,10 year, 7% government bonds at 100 . The semiannual interest payment dates are June 30 and December 31 . Journalize the receipt of interest at December 31,2019. Debit Cash $5,880; Credit Interest Revenue $5,880 Debit Cash $29,400; Credit Interest Revenue $29,400 Debit Cash $2,940; Credit Interest Revenue $2,940

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