On January 15, 2020, Deloitte Company sells some of its bonds in its portfolio, The bonds originally cost $3,000 and they are sold for $4,000. The journal entry to record the transaction using fair value through net income will include ar Select one: a. Credit to Gain on Sale of Investments for $1,000 b. Short-Term Investment Bonds for $4,000 c. Debit to Cash for $3,000 Od. Debit to Loss on Sale of Investment for $1,000 On October 1, 2020, Long Company purchases a $20,000 portfolio of debt investment (bonds) paying 10% interest annually. The company intends to hold the investments for the long term. Assuming Long has a year end of December 31. What is the journal entry to record the accrual of interest for the year end? Select one: a. Debit to Interest Receivable for $2,000. Credit to Interest Revenue for $2,000 b. Debit to Interest Receivable for $2,000, Credit to Long Term Investments for $2,000 c Debit to interest Receivable for $500, Credit to Interest Revenue for $500 d. Debit to interest Receivable for $500, Credit to Long Term Investments for $500 Demure Company purchases 1000 common shares in Liberty Company on January 1, 2020, at $20 per share. The 1,000 common shares represent only 1% of Liberty's outstanding common stock. Demure intends to hold these shares for more than one year. Suppose that on September 31, 2020, Demure Company received $500 in cash dividends from Liberty Company. What is the account to be credited to record the transaction? Select one: a. Dividend Revenue b. Interest Revenue c. Cash O d. Interest Receivable