On January 1, Hamm Company purchased as an investment a $1,000, 6% bond for $1,050. The bond pays interest on January 1. What is the entry to record the interest accrual on December 31?

Select one:

a. Debit Debt Investments for $63 and Credit Interest Revenue for $63

b. Debit Interest Receivable for $63 and Credit Interest Revenue for $63

c. Debit Debt Investments for $60 and Credit Interest Revenue for $60

d. Debit Interest Receivable for $60 and Credit Interest Revenue for $60