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

Multiple Choice

On January 1,2015,Brooklyn Company purchases $100,000,6% bonds at a price of 95 and a maturity date of January 1,2025.Brooklyn Company intends to hold the bonds until maturity.Interest is paid semiannually,on January 1 and July 1.Brooklyn Company has a calendar year end.The adjusting entry to amortize the bond investment on December 31,2015 is:

A) debit Interest Receivable $3,000 and credit Interest Revenue $3,000.
B) debit Interest Receivable $6,000 and credit Interest Revenue $6,000.
C) debit Held-to-Maturity Investment in Bonds $250 and credit Interest Revenue $250.
D) debit Held-to-Maturity Investment in Bonds $500 and credit Interest Revenue $500.