Given the Following Information from an Amortization Table for December

Given the following information from an amortization table for December 31, prepare the journal entry to record the payment of interest at year end if the fiscal year of the company ends on December 31. $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } 6 \% \text { Cash } \\\text { Interest }\end{array} & \begin{array} { c } 7 \% \text { Effective } \\\text { Interest }\end{array} & \begin{array} { c } \text { Discount } \\\text { Amortization }\end{array} & \begin{array} { c } \text { Carrying } \\\text { Value }\end{array} \\\hline \$ 42,000 & \$ 47,340 & \$ 5340 & \$ 681,630 \\\hline\end{array}$$

A) Journal Entry $$\begin{array} { | l | c | r | r | } \hline & \text { Account } & \text { Debit } &{ \text { Credit } } \\\hline \text { December 31 } & \text { Interest Expense } & 47,340 & \\\hline & \text { Premium on Bonds Payable } & & 5340 \\\hline & \text { Interest Payable } & & 42,000 \\\hline\end{array}$$
B) Journal Entry $$\begin{array} { | l | c | r | r | } \hline & \text { Account } & \text { Debit } & { \text { Credit } } \\\hline \text { December 31 } & \text { Interest Expense } & 47,340 & \\\hline & \text { Premium on Bonds Payable } & & 5340 \\\hline & \text { Cash } & & 42,000 \\\hline\end{array}$$
C) Journal Entry $$\begin{array} { | l | c | r | r | } \hline & \text { Account } & \text { Debit } &{ \text { Credit } } \\\hline \text { December 31 } & \text { Interest Expense } & 47,340 & \\\hline & \text { Discount on Bonds Payable } & & 5340 \\\hline & \text { Interest Payable } & & 42,000 \\\hline\end{array}$$
D) Journal Entry $$\begin{array} { | l | c | r | r | } \hline & \text { Account } & \text { Debit } & { \text { Credit } } \\\hline \text { December 31 } & \text { Interest Expense } & 47,340 & \\\hline & \text { Discount on Bonds Payable } & & 5340 \\\hline & \text { Cash } & & 42,000 \\\hline\end{array}$$