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Business, 21.04.2020 01:39 lindseyreneesmith7

Leonard Technologies invests $54,000 to acquire $54,000 face value, 10%, five-year corporate bonds on December 31, 2014 . The bonds will mature on December 31, 2019. The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2018?

A. a debit to Interest Revenue for $5,400
B. a credit to Interest Revenue for $2,700
C. a debit to Interest Revenue for $2,700
D. a credit to Interest Revenue for $5,400

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