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Ivanhoe Company acquires 73 Bridgeports 10%, 5 year, $1000 bonds on January 1, 2022 for $73000. Assume Bridgeports pays interest annually on January 1. Ivanhoes

Ivanhoe Company acquires 73 Bridgeports 10%, 5 year, $1000 bonds on January 1, 2022 for $73000. Assume Bridgeports pays interest annually on January 1. Ivanhoes journal entry at December 31, 2022 would include a credit to

Interest Expense for $7300.

Interest Revenue for $7300.

interest Receivable for $3650.

Interest Receivable for $7300.

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