A Government Issued $4 Million of Bonds on November 1,2012,to $\quad$

A government issued $4 million of bonds on November 1,2012,to build a fire house.The first debt service payment ($200,000 principal plus 6 percent interest per annum on outstanding debt)was due November 1,2013.To prepare government-wide financial statements at December 31,2012,what journal entry is needed regarding the debt service due on November 1,2013? a. no journal entry is needed
b. Interest expense $\quad$$\quad$$\quad$ 40,000
Interest payable $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 40,000
c. Interest expense $\quad$$\quad$$\quad$ 40,000
Bond principal expense $\quad$ 33,333
Debt service payable $\quad$$\quad$$\quad$$\quad$$\quad$ 73,333
d. Interest expense $\quad$$\quad$$\quad$ 240,000
Interest pavable $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 240,000