On January 1, 2019, Rain Technology purchased at par $84,000, 5%, bonds of Lightyear Services Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31. Rain Technologys year ends on December 31. The following information applies to the fair value of Lightyear Services bonds:

	Bond Price
12/31/2019	$	82,000
12/31/2020		91,000
12/31/2021		86,000

Rain Technology sold the bonds on July 14, 2022, for $89,000.

Required:

1. Prepare Rain Technologys entry to record interest received on March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the appropriate journal entry on March 31, 2019. Note: Enter debits before credits. Date General Journal Debit Credit March 31, 2019