Tulilo Corp issues $$250,000,10\%,15-$year bonds. The current market rate is $10\%.$ The journal entry to record the semiannual interest payment, assuming the effective interest method is used, is

Multiple Choice

$\backslash$table$[[$Bond Interest expense,$12,500,],[$Bond Payable,,$12,500]]$

$\backslash$table$[[$Bond Interest Expense,$25,000,],[$Cash$,,25,000]]$

$\backslash$table$[[$Bond Interest Expense,$25,000,],[$Bond Payable,,$25,000]]$

$\backslash$table$[[$Bond Interest Expense,$13,750,],[$Bond Payable,,$13,750]]$

$\backslash$table$[[$Bond Interest Expense,$12,500,],[$Cash$,,12,500]]$