On January 1,2018,Winston Company Purchased 4% Bonds with a Face

On January 1,2018,Winston Company purchased 4% bonds with a face value of $80,000 for par.Winston Company intends to hold the bonds until maturity and has the ability to do so.Interest is payable semiannually on July 1 and January 1.The company's fiscal year ends on December 31.The company uses the straight-line amortization method for discounts and premiums.The journal entry on December 31,2018 is:

A) debit Interest Receivable for $3,200 and credit Held-to-Maturity Investment in Bonds $3,200.
B) debit Cash for $1,600 and credit Interest Revenue for $1,600.
C) debit Interest Receivable for $1,600 and credit Interest Revenue for $1,600.
D) debit Interest Receivable for $1,600 and credit Held-to-Maturity Investment in Bonds $1,600.