how to get the correct answer a?

Question teyt On June 1, 2021, Conundrum Company purchased at 101 a $300,000 face value bond paying 6%, with interest payable every July 1 . Brokerage fees were $5,000. Conundrum records one compound journal entry on June 1 . The net entry to record this transaction would include: Select one: c. a. A credit to Cash for $324,500 b. A debit to Interest Receivable for $1,500 c. A debit to Investment Expense for $5,000 d. A debit to Bond Investment for $319,500 A credit to Premium on Bond Investment for $3,000 Feedback The correct answer is: A credit to Cash for $324,500