Ruben Company purchased $100,000 of Evans Company bonds at 100 . Ruben later sold the bonds at $104,500 plus $500 in accrued interest. The journal entry to record the sale of the bonds would be
a. debit Cash, $105,000; credit Investment—Evans Company Bonds, $104,500, and Interest Revenue, $500
b. debit Cash, $105,000; credit Investment—Evans Company Bonds, $100,000, and Gain on Sale of Investments, $5,000
c. debit Cash, $104,500, and Interest Receivable, $500; credit Investment—Evans Company Bonds, $100,000, Gain on Sale of Investments, $4,500, and Interest Revenue, $500
d. debit Cash, $105,000; credit Investment—Evans Company Bonds, $100,000, Gain on Sale of Investments, $4,500, and Interest Revenue, $500
d
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