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Akkar Co. invested in the bonds of Sanad Co. on 1/1/16. Akkar intends to hold the bonds until maturity. These 5- year bonds had a

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Akkar Co. invested in the bonds of Sanad Co. on 1/1/16. Akkar intends to hold the bonds until maturity. These 5- year bonds had a face value of $300,000. pay 5% interest on 6/30 and 12/31 of each year, and were issued when the market rate of interest was 6%, resulting in a cost of $287.205. Which of the following is the correct journal entry to record the receipt of the interest payment on 6/30/168 O a Debit-Interest Receivable 7.500: Debt investment- HTM 1.116 | Credit- Interest Revenue 8,616. b. Debit Cash 15.000: Debt Investment-HTM 2.232 ! Credit Interest Revenue 17232 c. Debit Cosh 7500: Debt Investment-HTM 1.1161 Credit Interest Revenue 8.616 d. Debit interest Receivable 15.000 Debt Investment HTM 2.2321 Credit Interest Revenue 10 * 3 5 0 7 3 W E R. TY Y co ty

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