Great Lake Glassware Company issues $1,100,000 of its 8%, 10year bonds at 97 on February28, 2018. The bonds pay interest on February 28 and August 31. Assume that Great Lake uses the straightline method for amortization. The journal entry to record the first interest payment on August31, 2018 includes a________.

A.

debit to Interest Expense for $42,350

B.

debit to Interest Expense for $45,650

C.

debit to Cash for $44,000

D.

debit to Discount on Bonds Payable for 1650