On January 1,2018,Winston Company Purchased 6% Bonds with a Face

On January 1,2018,Winston Company purchased 6% bonds with a face value of $62,000 for par.Winston Company intends to hold the bonds until maturity and has the ability to do so.Interest is payable semiannually on July 1 and January 1.The company's fiscal year ends on December 31.The journal entry on July 1,2018 is:

A) debit Cash $3,720 and credit Interest Revenue $3,720.
B) debit Cash $1,860 and credit Interest Revenue for $1,860.
C) debit Cash $1,860 and credit Interest Receivable for $1,860.
D) debit Cash $3,720 and credit Interest Receivable for $3,720.