A company issues a 5-year bond with a $7,500 discount. Using straight-line amortization, the company should:

A) debit discount on bonds payable for $1,500 per year.

B) credit discount on bonds payable for $1,500 per year.

C) debit interest payable for $1,500 per year.

D) credit interest expense for $1,500 per year.