A Company Issued $300,000 of 20-Year,8 Percent Bonds at 96 $\begin{array}{l}\text { Bond Interest Expense }&12,000 \\\text { Cash }&&12,000\end{array}$

A company issued $300,000 of 20-year,8 percent bonds at 96.If interest is paid semi-annually,the entry to record the amount of bond interest expense (assuming the straight-line method of amortization) on any interest date is

A)
$\begin{array}{l}\text { Bond Interest Expense }&12,000 \\\text { Cash }&&12,000\end{array}$

B)
$\begin{array}{llr} \text { Bond Interest Expense } &24,300\\ \text { Unamortized Bond Discount} &&300\\ \text { Cash } &&24000\end{array}$

C)
$\begin{array}{llr} \text { Bond Interest Expense } &23,700\\ \text { Cash } &&23,700\\\end{array}$

D)
$\begin{array}{llr} \text { Bond Interest Expense } &12,300\\ \text {Unamortized Bond Discount } &&300\\ \text { Cash } &&12000\end{array}$