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On January 1, 2020, Bonita Company purchased at face value, a $1080, 10% bond that pays interest on January 1. Bonita Company has a calendar

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On January 1, 2020, Bonita Company purchased at face value, a $1080, 10% bond that pays interest on January 1. Bonita Company has a calendar year end. The entry for the receipt of interest on January 1, 2021, is O Cash 108 Interest Revenue 108 108 Interest Receivable Interest Revenue 108 Cash 108 Interest Receivable 108 108 O Interest Receivable Cash 108

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