Porter Brothers Company purchased debt investment for $80,000 on January 1, 2014. On July 1, 2014, Jamison received cash interest of $2,905. Assuming no interest has been accrued, which of the following correctly presents the journals entries for the purchase and the receipt of interest? 
Definitions:
Visual Basic Window
The working environment in the Visual Basic programming language where code is written and debugged.
Convert
The process of changing or transforming data from one format or type to another, such as converting a document to PDF or a video file format.
Command Button
A graphical interface element that triggers a specific command or action when clicked by the user, often found in software applications or web pages.
Move Up
An operation to adjust the order of items in a list, sequence, or hierarchy, moving a selected item to a higher position.
Q22: Posting is the procedure of transferring journal
Q38: Methods of forecasting environmental change fall into
Q46: The Cash Cycle shows the relationship between
Q67: Which of the following groups uses accounting
Q98: Why are expenses increased with a debit?<br>A)
Q118: An investment in short-term equity securities should
Q177: Which of the following is a debt
Q196: If total liabilities decreased by $50,000 and
Q225: The act of entering an amount on
Q251: Which pair of accounts follows the rules