On January 1, 2019, Benson Company purchases $122,000, 77% bonds at a price of $9292 and a maturity date of January 1, 2024. Benson Company plans to hold the bonds until their maturity date and has the ability to do so. Interest is paid semiannually, on January 1 and July 1. Benson Company has a calendar year and uses the straightminusline amortization method for discounts and premiums. The adjusting entry to amortize the discount and record interest revenue on December 31, 2019 is:

A. debit to Interest Receivable $8,540 and credit Interest Revenue $8,540.

B.debit Cash $8,540 and credit Interest Revenue $8,540.

C.debit Cash $976 and credit Interest Revenue $976.

D.debit to Interest Receivable $4,270, debit HeldtoMaturity Investment in Bonds for $976 and credit Interest Revenue $5,246.