On January 1, 2019, Thompson Company issued a four-year, $11,800, 7% bond. The interest is payable annually each December 31. The issue price was $11,068 based on an 8% effective interest rate. Thompson uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2019 interest expense? Multiple Choice Interest expense 826 Cash 826 Interest expense 1,011 Bond discount 185 Cash 826 Interest expense 885 Bond discount 59 Cash 826 Interest expense 774 Bond discount 52 Cash 826