26 of 55 (25 complete) This Test 165 pls possible On January 1, 2017, Simpson Sales issued $15,000 in bonds for $21,800. These are eight-year bonds with a stated rate of 15% and pay semiannual interest Simpson Sales uses the straight-line method to amortize the bond premium. Immediately after the issue of the tbonds, the ledger balances are as folows Bonds Payable 15,000 Premium on Bonds Payable 6,800 O A. debit of $425 O B. debit of $7,650 O C. credit of $700 O D. credit of $6,375 Click to select your answer. 26 of 55 (25 complete) This Test 165 pls possible On January 1, 2017, Simpson Sales issued $15,000 in bonds for $21,800. These are eight-year bonds with a stated rate of 15% and pay semiannual interest Simpson Sales uses the straight-line method to amortize the bond premium. Immediately after the issue of the tbonds, the ledger balances are as folows Bonds Payable 15,000 Premium on Bonds Payable 6,800 O A. debit of $425 O B. debit of $7,650 O C. credit of $700 O D. credit of $6,375 Click to select your