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Leonard Technologies invests $58,000 to acquire $58,000 face value, 12% , five-year corporate bonds on December 31,2024 . The bonds pay interest semiannually on December

Leonard Technologies invests
`$58,000`
to acquire
`$58,000`
face value,
`12%`
, five-year corporate bonds on December 31,2024 . The bonds pay interest semiannually on December 31 and every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2025?\ A. a debit to Interest Revenue for
`$6,960`
\ B. a credit to Interest Revenue for
`$3,480`
\ C. a debit to Interest Revenue for
`$3,480`
\ D. a credit to Interest Revenue for
`$6,960`

Leonard Technologies invests $58,000 to acquire $58,000 face value, 12%, five - year corporate bonds on December 31,2024 . The bonds pay interest semiannually on December 31 and every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2025? A. a debit to Interest Revenue for $6,960 B. a credit to Interest Revenue for $3,480 C. a debit to Interest Revenue for $3,480 D. a credit to Interest Revenue for $6,960

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