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34 Landmark buys $390.000 of SRW Company's 12%, 3-year bonds payable, at par value on July 1. Interest payments are made semiannually on December 31
34 Landmark buys $390.000 of SRW Company's 12%, 3-year bonds payable, at par value on July 1. Interest payments are made semiannually on December 31 and June 30 The journal entry Landmark should make to record interest earned and received on December 31 is O Multiple Choice Debit Interest Receivable $22 400 credit interest Revenue $23.400 Debit Cash $46.000, credit Interest Revenue $40.000 Debit Cash $23.400, credit Interest levenue $23.400 Debit erest Revenue $23 400 credit Cesh $23.400 Debit Cash $7000 best interest Revenue $7800
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