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30 On January 1, 2020, Smith Company purchased at face value, a $1,000,6% bond that pays interest on January 1 and July 1. Smith Company

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30 On January 1, 2020, Smith Company purchased at face value, a $1,000,6% bond that pays interest on January 1 and July 1. Smith Company has a calendar year end. What is the entry to record the interest accrual on December 31? a. Cash Interest Revenue. 30 b. Cash 60 Interest Revenue. 60 c. Interest Receivable. 30 Interest Revenue. 30 d. Interest Receivable. 60 Interest Revenue. 60

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