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pleasw slove quickly On July 1,2018 , the Juliet Corporation issues $4,000,000 of 10 -year bonds for $3,560,000 when the market rate of interest was

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On July 1,2018 , the Juliet Corporation issues $4,000,000 of 10 -year bonds for $3,560,000 when the market rate of interest was 8%. Juliet Corporation uses the effective-interest method of amortization. Interest is paid each June 30 and December 31. The entry to record the first semi-annual interest payment on December 31,2018 , will include a: Select one: a. debit to Interest Expense for $142,400 b. credit to Bonds Payable for $284,800 c. debit to Bonds Payable for $160,000 d. credit to interest Payable for $320,000

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