On January 1,2015,Corbin Company Purchases $100,000,5% Bonds at a Price

Multiple Choice

On January 1,2015,Corbin Company purchases $100,000,5% bonds at a price of 99 and a maturity date of January 1,2025.Corbin Company intends to hold the bonds until their maturity date.Interest is paid semiannually,on January 1 and July 1.Corbin Company has a calendar year end.The entry to amortize the bond investment on July 1,2015 is:

A) debit Held-to-Maturity Investment in Bonds for $50 and credit Interest Receivable for $50.
B) debit Cash for $100 and credit Interest Revenue for $100.
C) debit Held-to-Maturity Investment in Bonds for $50 and credit Interest Revenue for $50.
D) debit Held-to-Maturity Investment in Bonds for $100 and credit Interest Revenue for $100.