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Landmark Corporation buys $490,000 of Schroeter Company's 8%,5-year bonds payable, at par value on September 1 . Interest payments are made semiannually. Landmark plans to

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Landmark Corporation buys $490,000 of Schroeter Company's 8%,5-year bonds payable, at par value on September 1 . Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be: Multiple Choice Debit Cosh $490,000; credit lnterest Revenue $490,000 Debit Cosh $490,000; credit Debt Investments-Held-to-maturity (HTM) $490000 Debir Long-Term lnvestments-Heldito-moturity (HTM) $490.000; credit Cosh $490.000 Debit Cash $490,000; credit Bonds Payable $490,000 Debit Cash $490,000; credit Interest Receivable $490,000

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