On January 1, Skills Company purchased as a short-term investment a $1,000, 6% bondfor $1,000. The bond pays interest on January 1. The bond is sold on July 1 for $1,200plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold? A. Cash ... 1,200 Debt Investments ... 1,200B. Cash ... 1,230 Debt Investments ... 1,000 Gain on Sale of Debt Investments ... 200 Interest Revenue ... 30C. Cash ... 1,230 Debt Investments ... 1,200 Interest Revenue ... 30D. Cash ... 1,200 Debt Investments ... 1,000 Gain on Sale of Debt Investments ... 200
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