Sa 1 points Edgar Ltd issues $7 million in 6-year, 10%, semi-annual coupon debentures. The rate of return required by the market is 8% per annum. What is the journal entry to record the first payment of interest assuming using the effective-interest method to amortise any discount or premium (rounded to the nearest dollar)? Dr Interest expense 287 306 Dr Debenture 62 694 Cr Cash 350 000 412 694 Dr Interest expense Cr Debenture Cr Cash 62 694 350 000 O 350 000 Dr Interest expense Cr Debenture Cr Cash 43 722 306 278 O Dr Interest expense Dr Debenture Cr Cash 306 278 43 722 350 000