Landmark buys $350,000 of SRW Company's 6%, 4-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 O Debit Interest Receivable $10,500, credit Interest Revenue $10,500. Debit Cash $21,000, credit Interest Revenue $21,000. Debit Interest Revenue $10,500, credit Cash $10,500. Debit Cash $5,250, credit Interest Revenue $5,250.

Landmark buys $350,000 of SRW Company's 6%, 4year bonds payable, at par value on July 1. Interest payments are made semiannually on December 31 and June 30 . The journal enty Landmark should make to record interest earned and received on December 31 is: Mutiple Choice Dobit interest Receivabie 510,500, credi interest Aevende $10,500. Debir Cash $21,000, credit interest Pevenue $21,000 Debithterest Revenue $10,500, credn Cast $10.500 Debit Cesh $5,250, credia interest Revenue $5,250