On January 1,2015,Benson Company Purchases $100,000,6% Bonds at a Price

Multiple Choice

On January 1,2015,Benson Company purchases $100,000,6% bonds at a price of 95 and a maturity date of January 1,2020.Benson Company plans to hold the bonds until their maturity date.Interest is paid semiannually,on January 1 and July 1.Benson Company has a calendar year end.The adjusting entry on December 31,2015 is:

A) debit Cash $3,000 and credit Interest Revenue $3,000.
B) debit Cash $6,000 and credit Interest Revenue $6,000.
C) debit to Interest Receivable $3,000,debit Held-to-Maturity Investment in Bonds for $500 and credit Interest Revenue $3,500.
D) debit to Interest Receivable $6,000 and credit Interest Revenue $6,000.