On January 1 Skills Company Purchased as a Short-Term Investment $\begin{array}{llr} \text { Cash} &1,200\\ \text { Debt Investments } &&1,200\\ \end{array}$

On January 1 Skills Company purchased as a short-term investment a $1000 6% bond for $1000. The bond pays interest on January 1. The bond is sold on July 1 for $1200 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold?a.
$\begin{array}{llr} \text { Cash} &1,200\\ \text { Debt Investments } &&1,200\\ \end{array}$

b.
$\begin{array}{llr} \text { Cash } &1,230\\ \text { Debt Investments} &&1,000\\ \text { Gain on Sale of Debt Investments} &&200\\\text {Interest Revenue. } &&30\end{array}$

c.
$\begin{array}{llr} \text { Cash } &1,230\\ \text { Debt Investments } &&1,200\\ \text { Interest Revenue. } &&30\end{array}$

d.
$\begin{array}{llr} \text { Cash } &1,200\\ \text { Debt Investments } &&1,000\\ \text { Gain on Sale of Debt Investments } &&200\end{array}$