Landmark buys $340,000 of SRW Company's 12%, 5-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: Multiple Choice Debit Cash $20,400, credit Interest Revenue $20,400. Debit Cash $13,600, credit Interest Revenue $13,600. Debit Cash $40,800, credit Interest Revenue $40,800. Debit Interest Revenue $20,400, credit Cash $20,400. Debit Interest Receivable $20,400, credit Interest Revenue $20,400.

Landmark buys $340,000 of SRW Company's 12%,5 year bonds payable, at par value on July 1 . Interest payments are made semiannualy on December 31 and June 30 The journal entry Landmark should make to record interest eamed and recelved on Decomber 31 is: Multiole Choice Debit Cash $20,400, gedat interest Revenue $20,400 Debit Cash 50,600, credit interest Hevenue $3,000. Debn Cash \$4080a ciedt interest Revenue $40800 Debit interest Revenue $20,400, credit Canh $20400 Debe interest Receivobie $20.490, credt interent fievenue $20.400