Landmark Corp

Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:

A) Debit Cash $300,000; credit Long-Term Investments-HTM $300,000.
B) Debit Long-Term Investments-HTM $300,000; credit Cash $300,000.
C) Debit Cash $300,000; credit Interest Receivable $300,000.
D) Debit Cash $300,000; credit Bonds Payable $300,000.
E) Debit Cash $300,000; credit Interest Revenue $300,000.