On January 1, 2011, Milton Company Purchased at Face Value $\begin{array} { l }\text { not required. }\end{array}$

On January 1, 2011, Milton Company purchased at face value, a $1,000, 6% bond that pays interest on January 1 and July 1.Milton Company has a calendar year end. The adjusting entry on December 31, 2011, is

A) $\begin{array} { l }\text { not required. }\end{array}$

B) $\begin{array} { l }\text {Cash } &30\\ \text {Interest Revenue } &&30\\\end{array}$

C) $\begin{array} { l }\text {Interest Receivable } &30\\ \text {Interest Revenue } &&30\\\end{array}$

D) $\begin{array} { l }\text { Interest Receivable} &30\\ \text { Debt Investments} &&30\\\end{array}$