On January 1 , 2019, First Street Sales issued $33,000 in bonds for $21,700. These are six - year bonds with a stated interest rate of 14% that pay semiannual interest. First Street Sales uses the straight - line method to amortize the Bond Discount Immediately after the issue of the bonds, the ledger balances appeared as follows: Bonds Payable 33,000 Discount on Bonds Payable 11,300 After the first interest payment on June 30, 2019, what is the balance of Discount on Bonds Payable? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. credit of $942 O B. debit of $10,358 OC. debit of $11,300 O D. debit of $12,242 Click to select your