On January 1,2X13,Soothing Massage Company Acquired,as a Long-Term Investment,20 Bonds $\begin{array}{lcc}\text { Investment in Bonds } & 9,543.40 & \\\quad \text { Cash } & & 9,543.40 \\\end{array}$

On January 1,2X13,Soothing Massage Company acquired,as a long-term investment,20 bonds with a face value of $1,000 each.The bonds have a 10-year life,a 10% coupon rate,and pay interest semi-annually every June 30 and December 31.What is the journal entry to be made by Soothing Massage Company on January 1,2X13,if the bonds were purchased at a price to yield 12%?

A) $\begin{array}{lcc}\text { Investment in Bonds } & 9,543.40 & \\\quad \text { Cash } & & 9,543.40 \\\end{array}$

B) $\begin{array}{lcc}\text { Investment in Bonds } & 11,037.28 & \\\quad \text { Cash } & & 11,037.28 \\\end{array}$

C) $\begin{array}{lcc}\text { Investment in Bonds } & 17,705.90 \\\quad \text { Cash } && 17,705.90\\\end{array}$

D) $\begin{array}{lcc}\text { Investment in Bonds } & 20,000.00 & \\\quad \text { Cash } & & 20,000.00 \\\end{array}$
E) $\begin{array}{lcc}\text { Investment in Bonds } & 22,492.64 & \\\quad \text { Cash } & & 22,492.64\end{array}$