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Ruter loc purchased $3,000,000 8%, 5-year bonds on January 1, 2022 Assume Rter classes these bonds as Available For Sale and unes est payment will

Ruter loc purchased $3,000,000 8%, 5-year bonds on January 1, 2022 Assume Rter classes these bonds as Available For Sale and unes est payment will be caves on 30th effective interest method to anodize pienu and December 31 The bonds were purchased for $3,124,740 it effective interest rate of and counts At June 30, 2022 Jend of the first interest payment period te journal entry wil O a. Debit to Available For Sale Debt Securities for $10,634 O b. Credit to Premium on Bonds Receivable for $10,634 O c. Credit to Interest Revenue for $120,000 Od. Credit to Available For Sale Debt Securities for $10,634 Oe. Debit to Premium on Bonds Receivable for $109,366

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