derman Lompany und $500.000 P, 10-year bonds for 14100 with me of The effective interest method of amortization is used and interest is paid annually. The journal entry on the first interest payment date would OA and to intarest Expense of $35,000 O redt to interest Expense of $37,352 OC credit to Cash of $37,152 QD credit Cash of $35 000 Cargeryd $500.000, 10-year bonds for $412.000 with a mark of %. The effective interested of aortation and test paid annually. The journal entry on the first interest payment date would be a OA ist Expes of $35,000 Ost Expense of $371 Oto Cam of $37,182 OB. Can of $38.000