On January 1, Clive Corporation signed a $200,000, 5% 30-year mortgage that requires semiannual payments of $7, 735 on June 30 and December 31 of each year. The journal entry to record the first semiannual payment would be pound interest calculation to the nearest dollar) to: A. Debit Mortgage Payable, $7, 735; credit Cash, $7, 735. B. Debit interest Expense, $5,000; debit Mortgage Payable, $2, 735; credit Cash, $7, 735. C. Debit interest Expense $2, 735; debit Mortgage Payable $5,000; credit Cash, $7, 735. D. Debit interest Expense, $5,000; debit Mortgage Expense, $2, 735; credit Cash $7, 735