On February 1, 2015, Garzon purchased 6% bonds issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2015, prepare entries to record Garzon's July 31 receipt of interest and its December 31 year-end interest accrual. (Do not round your intermediate calculations.)

Jul 31

cash 1200

interest revenue 1200

Dec 31

Interest receivable ?

interest revenue ?