On January 1, 2017, Carmody Corporation purchased 5% bonds with a face value of $60,000 for $62,000. Carmody Corporation intends to hold the bonds until the maturity date. Interest is paid semiannually on January 1 and July 1. The company uses the straight -line amortization method for discounts and premiums. The journal entry on January 1, 2017 is: O A. O B. O C. O D. debit Investment in Bonds for $60,000, debit Premium on Bonds for $2,000 and credit Interest Revenue $62,000. debit Investment in Bonds for $62,000 and credit Interest Revenue for $62,000. debit Held-to - Maturity Investment in Bonds for $60,000, debit Premium on Bonds for $2,000 and credit Cash for $62,000. debit Held -to - Maturity Investment in Bonds for $62,000 and credit Cash for $62,000