Saved \begin{tabular}{lrr} \hline Account Title & Debit & Credit \\ Interest expense & 2,707 & \\ Bond discount & 93 & \\ Cash & & 2,800 \end{tabular} \begin{tabular}{lcc|} \hline Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \end{tabular} \begin{tabular}{lrr} Account Title & Debit & Credit \\ Interest expense & 3,532 & \\ Bond discount & & 732 \\ Cash & & 2,800 \end{tabular} Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2022 interest expense? Multiple Choice \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 3,094 & \\ \hline Bond discount & & 294 \\ \hline Cash & & 2,800 \\ \hline \end{tabular} \begin{tabular}{lrc|} \hline Account Title & Debit & Credit \\ Interest expense & 2,707 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & 93 & \\ & & 2,800 \end{tabular} \begin{tabular}{lcc} Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \end{tabular} On January 1, 2022, Pipestone Corporation issued a four-year, $40,000,7% bond. The interest is payable annually each December 31 . The issue price was $38,672 based on an 8% effective interest rate. Pipestone uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2022 Interest expense? \begin{tabular}{|lrr|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 2,707 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & 93 & \\ \hline & & 2,800 \end{tabular} \begin{tabular}{lrr|} \hline Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \\ & & \\ & & \\ Account Title & Debit & Credit \\ Interest expense & 3,532 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & & 732 \\ & & 2,800 \end{tabular} Saved \begin{tabular}{lrr} \hline Account Title & Debit & Credit \\ Interest expense & 2,707 & \\ Bond discount & 93 & \\ Cash & & 2,800 \end{tabular} \begin{tabular}{lcc|} \hline Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \end{tabular} \begin{tabular}{lrr} Account Title & Debit & Credit \\ Interest expense & 3,532 & \\ Bond discount & & 732 \\ Cash & & 2,800 \end{tabular} Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2022 interest expense? Multiple Choice \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 3,094 & \\ \hline Bond discount & & 294 \\ \hline Cash & & 2,800 \\ \hline \end{tabular} \begin{tabular}{lrc|} \hline Account Title & Debit & Credit \\ Interest expense & 2,707 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & 93 & \\ & & 2,800 \end{tabular} \begin{tabular}{lcc} Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \end{tabular} On January 1, 2022, Pipestone Corporation issued a four-year, $40,000,7% bond. The interest is payable annually each December 31 . The issue price was $38,672 based on an 8% effective interest rate. Pipestone uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2022 Interest expense? \begin{tabular}{|lrr|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 2,707 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & 93 & \\ \hline & & 2,800 \end{tabular} \begin{tabular}{lrr|} \hline Account Title & Debit & Credit \\ Interest expense & 2,800 & \\ Cash & & 2,800 \\ & & \\ & & \\ Account Title & Debit & Credit \\ Interest expense & 3,532 & \\ \begin{tabular}{l} Bond discount \\ Cash \end{tabular} & & 732 \\ & & 2,800 \end{tabular}