Great Lake Glassware Company issues $1,050,000 of its 16%,10-year bonds at 94 on February 28,2024 . The bonds pay interest on February 28 and August 31 . Assume that Great Lake useb the straight - line method for amortizabion. The journat entry to record the first interest payment on August 31,2024 includes a A. debit to interest Expense for 587,150 B. debit to Cash for $84,000 C. debit to Discount on Bends Payable for $3,150 D. debit to Interest Expense for $80,850