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Cullumber Company acquires 72 Bramble Enterprises 10%, 5 year, $1000 bonds on January 1, 2025 for $72000. Assume Bramble Enterprise pays interest annually on January

Cullumber Company acquires 72 Bramble Enterprises 10%, 5 year, $1000 bonds on January 1, 2025 for $72000. Assume Bramble Enterprise pays interest annually on January 1. Cullumbers journal entry at December 31, 2025 would include a credit to Select answer from the options below Interest Expense for $7200. Interest Receivable for $3600. Interest Receivable for $7200. Interest Revenue for $7200.

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