Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest

Question:

Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include a
a. Debit to Interest Receivable for $1,500.
b. Debit to Interest Revenue for $1,500.
c. Credit to Interest Revenue for $1,515.
d. Debit to Debt Investments for $1,500