My courses Principles of Accounting Il Topic 16 Assignments for chapter 16 On January 1, BACC. Company purchased as a short-term investment a $1,000, 8% bond for $1,000. The bond pays interest each January 1. The bond is sold on April 1 for $1,125 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold? ion 1,000 125 Select one: Cash. Debt Investments. Gain on Sale of Debt Investments. Cash Debt Investments O Cash Debt Investments. Gain on Sale of Debt Investments. Interest Revenue 1,125 1,000 125 20 O Cash 1,125 Debt Investments. Interest Revenue Finish attempt