Charleston Co. purchased 60, 6% APS Company bonds on January 1, 2017 for $60,000 cash. Interest is payable annually on January 1. The entry to record the January 1, 2018 annual interest payment would include a
A) debit to Interest Receivable for $3,600.
B) credit to Interest Receivable for $3,600.
C) credit to Interest Revenue for $3,600.
D) credit to Debt Investments for $3,600.
Correct Answer:
Verified
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