On January 1,2014,Pale Company Purchased as an Investment a $1,000,7

Multiple Choice

On January 1,2014,Pale Company purchased as an investment a $1,000,7% bond for $760.Pale plans to hold the bond until the maturity date on January 1,2024.The bond pays interest on January 1 and July 1.The company's fiscal year ends on December 31.The entries on December 31,2014 would include a:

A) debit Interest Receivable for $35.
B) debit Held-to-Maturity Investment in Bonds for $35.
C) debit Interest Receivable for $10.
D) debit Held-to-Maturity Investment in Bonds for $10.