On the first day of the fiscal year, Habetz Inc. issued $1,000,000 of 7 year, 6% bonds for $1.080.000 with interest payable semiannually. The journal entry to record the annual amortization of the premium (by the straight-line method, rounded to the nearest dollar) for the year by Habet includes a a debit to interest Expense for $30,000 b. credit to Premium on Bonds Payable for $5.214 c. debit Cash for $11.429 d debit to Premium on Bonds Payable for $11.429