Look at the 2018 row in the amortization table, which has the following information: the beginning balance is $891.72, the cash payment is $50.00, the interest expense is $53.50, the amortization is $3.50, and the ending balance is 895.23. What is the journal entry to record the interest payment and discount amortization for this bond in 2018?

Select one:

a.

Cash		50.00
Discount on Bonds Payable		3.50
Bond Interest Expense			53.50

b.

Bond Interest Expense		53.50
Premium on Bonds Payable			3.50
Cash			50.00

c.

Bond Interest Expense		50.00
Discount on Bonds Payable		3.50
Cash			53.50

d.

Bond Interest Expense		53.50
Discount on Bonds Payable			3.50
Cash			50.00