On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, Alliance received its first semiannual interest. On February 1, Alliance sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Alliance will record on April 1 for the purchase of the bonds will include a a. debit to Investments-Tetter Company Bonds for $50,000 b. debit to Cash for $50,000 c. credit to Interest Payable for $2,000 O d. debit to Investments-Tetter Company Bonds for $52,000

On Aprii 1, Allance Company purchased $50,000 of Teiter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30 , Alliance received its first semiannual interest. On February 1, Allance sold $40,000 of the bends ot 103 plus acerued interest. The joumal entry Alliance will recard an April 1 for the purchase of the bonds wial include a