On Jan 1, 2020, Magnum Company issued 6-year, 12%, RO 480,000 par value bonds with interest payable each year on July 1 and January1. What is the journal entry to record interest accrued dated on 31st December 2020 of the above company?

a.

Interest payable RO 57,600 Dr / Interest expense RO 57,600 Cr

b.

Interest expense RO 57,6000 Dr / Cash RO 57,600 Cr

c.

Interest expense RO 28,800 Dr / Interest payable RO 28,800 Cr

d.

Cash RO 28,800 Dr / Interest expense RO 28,800 Cr

direct answer with out explean