Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include:
a. debit to Interest Receivable for $1,500.
b. debit to Interest Revenue for $1,500.
c. credit to Interest Revenue for $1,515.
d. debit to Debt Investments for $1,500