Atahualpa Corporation issued $100,000 of 10% bonds dated January 1, 2016, for $96,832.72 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 11%, and pay interest semiannually on June 30 and December 31. Atahualpa uses the effective interest method of amortization. Journal entries on Dec. 31, 2017 would include: a debit to Interest Expense of $5,382.57 a credit to Discount on Bonds Payable of $362.62 0 0 a debit to Cash of $5,000 a debit to Interest Expense of $5,362.62