On January 1, 2020, Swifty Company purchased at face value, a $1140, 5% bond that pays interest on January 1. Swifty Company has
a calendar year end. The adjusting entry on December 31, 2020, is
not required
Cash
57
Interest Revenue
57
Interest Receivable
57
Interest Revenue
57
Interest Receivable
57
Debt Investments
57