On January 1, Hamm Company purchased as an investment a $1,000, 6% bond for $1,050. The bond pays interest on January 1. What is the entry to record the interest accrual on December 31? a. Interest Receivable$\quad$$\quad$60
$\quad$ Interest Revenue$\quad$$\quad$60
b. Debt Investments $\quad$$\quad$60
$\quad$Interest Revenue$\quad$$\quad$60
c. Interest Receivable $\quad$$\quad$63
$\quad$Interest Revenue$\quad$$\quad$63
d. Debt Investments $\quad$$\quad$63
$\quad$Interest Revenue$\quad$$\quad$63

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The Answer of On January 1, Hamm Company purchased as an investment a $1,000, 6% bond for $1,050. The bond pays interest on January 1. What is the entry to record the interest accrual on December 31? a. Interest Receivable$\quad$$\quad$60
$\quad$ Interest Revenue$\quad$$\quad$60
b. Debt Investments $\quad$$\quad$60
$\quad$Interest Revenue$\quad$$\quad$60
c. Interest Receivable $\quad$$\quad$63
$\quad$Interest Revenue$\quad$$\quad$63
d. Debt Investments $\quad$$\quad$63
$\quad$Interest Revenue$\quad$$\quad$63

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