A company issued 6%, 4-year bonds with a par value of $565,000. The current market rate is 6%. The journal entry to record each semiannual interest payment is:

a) Bond interest expense	16,950
Cash		16,950

b) Bond interest expense	33,900
Cash		33,900

c) Bond interest expense	565,000
Cash		565,000

d) Bond interest expense	649,750
Bond payable		649,750

e) No entry is needed, since no interest is paid until the bond is due