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Please hurry will upvote! On January 1,2023 , Jones Corporation issued $2,982,000,9%,5 - year bonds with interest payable on January 1 and July 1 .

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On January 1,2023 , Jones Corporation issued $2,982,000,9%,5 - year bonds with interest payable on January 1 and July 1 . The bonds sold for $2,834,798. The market rate of interest was 11%. Using the effective - interest method, the debit entry to interest expense on July 1, 2023 is (round to the nearest dollar): A. $127,566 B. $155,914 C. $134,190 D. $164,010

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