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What the adjusting entry on December

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Reference no: EM132708005

Question - On January 1, 2022, the Whispering Winds Corp. purchased at face value, a $3000, 6%, bond that pays interest on January 1. Whispering Winds Corp. has a calendar year end. What the adjusting entry on December 31, 2022?

a. Interest Receivable 180

Interest Revenue 180

b. Cash 180

Interest Revenue 180

c. Interest Receivable 180

Debt Investments 180

d. not required.

Reference no: EM132708005

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