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On January 1,2026, Taylor Accounting Services issued $53,000 of 9% bonds that mature in five...

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Accounting

On January 1,2026, Taylor Accounting Services issued $53,000 of 9% bonds that mature in five years. They were issued at 93. The bonds pay semiannual interest payments on June 30 and December 31 of each year using the straight - line amortization method. What is the joumal entry for the interest payment made on June 30,2026?
A. Cash
Discount on Bonds Payable
2,385
Interest Expense
371
B. Cash q,2,385
2,756
C. Interest Expense Discount on Bonds Payable
2,756
Cash
371
2,385
D. Interest Expense
2,385
2,385
Cash
2,385
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