On January 1, 2020, Brenner Company purchased at face value, a $1,000, 8% bond that pays interest on January 1. Brenner Company has a calendar year end. The adjusting entry on December 31, 2020, is

Select one:

a. Debit Interest Receivable for $80 and Credit Interest Revenue for $ 80

b. Debit Cash for $80 and Credit Interest Revenue for $80

c. not required.

d. Debit Interest Receivable for $80 and Credit Debt Investments for $ 80