Bonds Are Issued for $80,000 at 12% on November 1 $\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 1600 \\\hline \text { Bond Interest Payable } & 1600 \\\hline\end{array}$

Bonds are issued for $80,000 at 12% on November 1.What is the adjusting entry on December 31?

A) $\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 1600 \\\hline \text { Bond Interest Payable } & 1600 \\\hline\end{array}$
B) $\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 1200 \\\hline \text { Bond Interest Payable } & \quad\quad\quad\quad\quad\quad\quad1200 \\\hline\end{array}$
C) $\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 1200 \\\hline \text { Bond Interest Payable } & \quad\quad\quad\quad\quad\quad1200 \\\hline\end{array}$
D) $\begin{array} { | c | c | } \hline \text { Bond Interest Payable } & 1600 \\\hline \text { Bond Interest Expense } &\quad\quad\quad\quad\quad\quad\quad\quad 1600 \\\hline\end{array}$