Banshee Ltd issues $12 million in 8-year, 8%, semi-annual coupon debentures. The rate of return required by the market is 12%. What is the journal entry to record the flest payment of interest assuming that Banshee uses the effective interest method to amortise any discount or premium (round to the nearest dollar? O Dr Interest expense 574 475 Creatures 94 475 Cr Cash 480 000 De Interest expense De Debentures Cr Cash 385 525 94 475 480 000 636 597 Dr Interest expense Cr Debentures Cr Cash 156 597 480 000 Dr Interest expense Dr Debentures Cr Cash 323 403 156 597 480 000