Given the following information from an amortization table for December 31, prepare the journal entry to record the payment of interest at year end if the fiscal year of the company ends on December 31 6% Cash 7% Effective Discount Carrying Interest Interest Amortization Value $42.000 S47,714 $5,714 $687,344 O A. Journal Entry Credit Debit 47,714 December 31 Account Interest Expense Discount on Bonds Payable Cash 5.714 42.000 O B. Journal Entry Credit Debit 47.7141 December 31 Account Interest Expense Premium on Bonds Payable Interest Payable 5,714 42.000 OC. Journal Entry December 31 Credit Debit 47,714 Account Interest Expense Discount on Bonds Payable Interest Payable 5,714 42.000 D. Journal Entry Credit December 31 Debit 47,714 Account Interest Expense Premium on Bonds Payable Cash 5,714 42.000