Moroco Inc. a company that reports under ASPE, has an investment in bonds. The bonds have a face value of $$500,000$ and were purchased on January $1.$ The market interest rate was $6\%$ on date of purchase and the bonds pay interest at a rate of $7\%.$ Interest payments are made every June $30$ and December $31.$ The bonds mature five years from the date of purchase, on December $31.$

Which of the following journal entries records the acquisition of the bonds on January $1?$

Question $9$ options:

a$)$

DR Investment in bonds

$479,208$

CR Cash

$479,208$

b$)$

DR Investment in bonds

$479,499$

CR Cash

$479,499$

c$)$

DR Investment in bonds

$521,062$

CR Cash

$521,062$

d$)$

DR Investment in bonds

$521,326$

CR Cash

$521,326$