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On January 1, 2022, the Coke Company purchased at face value, a $1,000,5%, bond that pays interest on January 1. Coke Company has a calendar

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On January 1, 2022, the Coke Company purchased at face value, a $1,000,5%, bond that pays interest on January 1. Coke Company has a calendar year end. The entry for the receipt of interest on January 1, 2023 is a. Debt investments (dr) 1,000 Cash (cr) 1,000 b. Cash (dr) 1,000 Interest Revenue (cr) 1,000 c. Interest Receivable (dr) 50 Interest Revenue (cr) 50 d. Cash (dr) 1,000 Debt Investments (cr) 1,000 D C A

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