On January 1, 2008, Turner Company purchased at face value, a 1,000, 7% bond that pays interest on January 1 and July 1. Turner Company has a calendar year end.

The adjusting entry on December 31, 2008, is

a)not required

b) cash.....................35
interest revenue...............35

c)Interest receivable ...35
interest revenue...............35

d)Interest receivable........35
debt investments.............35