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  3. 2.on january 1, 2020, smith company purchased at f

2.On January 1, 2020, Smith Company purchased at face value, a $1,000, 6% bond that...

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Accounting

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2.On January 1, 2020, Smith Company purchased at face value, a $1,000, 6% bond that pays interest on January 1 and July 1. Smith Company has a calendar year end. What is the entry to record the interest accrual on December 31? a. Cash.. 30 Interest Revenue 30 b. Cash... 60 Interest Revenue 60 c. Interest Receivable. 30 Interest Revenue 30 d. Interest Receivable... 60 Interest Revenue 60

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