Philadelphia Company (parent) owns 80% of the common stock of Seattle Company (subsidiaryi on an 1 2015, Seattle Company issued S200 000 of 10-year 6% bonds at face value. Interest is payab on 1st each year. On January 2-2016, Philadelphia Company purchased 100% of these bonds from bondholders for $209,000. outsider 21. What entry does Philadelphia record in its individual books to record interest on bonds for 2016 a. Debit Interest Receivable $12,000, Debit Investment in Seattle's Bonds $1,000, Credit Interest Income b. Debit Interest Receivable $12,000, Credit Interest Income $12,000. ?. Debit interest Receivable $9,600, credit Investment in Seattle's Bonds$800, credit interest income $13,000. $8,800. d. Debit Interest Receivable $12,000, Credit Investment in Seattle's Bonds $1,000, Credit Interest Income $11,000. 22. What entry does Seattle record in its individual books to record interest on bonds for 2016 Debit Interest Expense $11,000, Debit Premium on Bonds Payable $1,000, Credit Interest Payable $12,000. Debit Interest Expense $13,000, Credit Discount on Bonds Payable $1,000, Credit Interest Payable $12,000 Debit Interest Expense $12,000, Credit Interest Payable $12,000. None of these. a. b. c. d