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Sandhill Company acquires 91 Indigo Enterprise's 10%,5 year, $1000 bonds on January 1,2025 for $91000....

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Accounting

Sandhill Company acquires 91 Indigo Enterprise's 10%,5 year, $1000 bonds on January 1,2025 for $91000. Assume Indigo Enterprise
pays interest annually on January 1. Sandhill's journal entry at December 31,2025 would include a credit to
Interest Expense for $9100.
Interest Receivable for $4550.
Interest Revenue for $9100.
Interest Receivable for $9100.
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