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  3. landmark buys $400,000 of schroeter company's 6%,

Landmark buys $400,000 of Schroeter Company's 6%, 5-year bonds payable at par value on September...

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Accounting

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Landmark buys $400,000 of Schroeter Company's 6%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually on March 1 and September 1. The journal entry Landmark should record to accrue interest earned at year-end December 31 is (Do not round your Intermedlate calculations): Multiple Cholce Debit Interest Recevable $12000, credit Interest Revenue $12,000 Debit Interest Recelvable $8,000, credit Interest Revenue $8,000. Debit Interest Revenue $8,000, credit Interest Recelvable $8,000 Debit Cash $8.000, credit Interest Revenue $8.000. Debit Cash $12,000, credit Interest Revenue $12000

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