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Question 34 2 pts Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8%
Question 34 2 pts Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semiannually. The journal entry to record the receipt of interest on the next interest payment date would be debit Cash, $4,000; credit Interest Revenue, $4,000 O debit Cash, $4,000; credit Interest Receivable, $4,000 debit Cash, $4,000; credit Interest Receivable, $1,500, and Interest Revenue, $2,500 O debit Cash, $2,500; credit Interest Revenue, $2,500
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