Lisle Corporation issued $200,000 of 10% bonds on January 1, 2014. The bonds pay interest semiannually on January 1 and July 1. The company has a fiscal year end of May 31. On May 31, 2014, the Lisle Corporation will:
A.
make a journal entry to accrue interest expense from July 1 through December 31.
B.
make a journal entry to accrue interest expense from January 1 through July 1
C.
make a journal entry to accrue interest expense from January 1 through May 31.
D.
make a journal entry to record cash interest paid on May 31.