On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest. The journal entry Pierce will record on June 30 will include a

a.credit to Interest Receivable for $1,200

b.credit to Interest Revenue for $2,400

c.debit to Cash for $3,600

d.credit to Cash for $2,400