On January 1, Burkett Company Purchased as an Investment a $1,000

On January 1, Burkett Company purchased as an investment a $1,000, 7% bond for $1,020.The bond pays interest on January 1 and July 1.What is the entry to record the interest accrual on December 31?

A) $\begin{array} { l }\text {Interest Receivable. } &35\\ \text {Interest Revenue } &&35\\\end{array}$

B) $\begin{array} { l }\text {Debt Investments } &35\\ \text { Interest Revenue} &&35\\\end{array}$

C) $\begin{array} { l }\text {Interest Receivable. } &70\\ \text {nterest Revenue } &&70\\\end{array}$

D) $\begin{array} { l }\text {Debt Investments } &70\\ \text {Interest Revenue } &&70\\\end{array}$