Brooks Corporation issued $490,000 of 7%, 10-year bonds payable at a price of 95. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. The journal entry to record the first semiannual interest payment using the effective-interest amortization method is O A. Date Accounts and Explanation Credit Debit 18,620 1,470 17,150 OB.Date Interest Expense Discount on Bonds Payable Cash Accounts and Explanation Interest Expense Discount on Bonds Payable Cash Credit Debit 18,865 1,715 17,150 OC. Date Accounts and Explanation Debit Credit OC. Date Accounts and Explanation Credit Debit 21,315 Interest Expense Discount on Bonds Payable Cash 1,715 19,600 OD. Date Credit Accounts and Explanation Interest Expense Discount on Bonds Payable Cash Debit 21,070 1,470 19,600 Smart Workout Fitness Gym has $500,000 of 10-year bonds payable outstanding. These bonds had a discount of $40,000 at issuance, which was 5 years ago. The company uses the straight-line amortization method. The current carrying amount of these bonds payable is O A. $480,000 O B. $520,000. OC. $500,000 OD. $460,000 Discountco signed a 9-year note payable on January 1, 2018, of $540,000. The note requires annual principal payments each December 31 of $60,000 plus interest at 10%. The entry to record the annual payment on December 31, 2021, includes O O O A. a credit to Cash of $114.000. B. a credit to Notes Payable for $60,000. C . a debit to Interest Expense for $36,000. O D. a debit to Interest Expense for $54,000