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What blossom journal entry at december would include

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Problem 1: Blossom Company acquires 70 Ayayai's 10%, 5 year, $1000 bonds on January 1, 2022 for $70000. Assume Ayayai's pays interest annually on January 1. Blossom's journal entry at December 31, 2022 would include a credit to

a. Interest Receivable for $3500.
b. Interest Expense for $7000.
c. Interest Receivable for $7000.
d. Interest Revenue for $7000.

Reference no: EM132746318

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