Solder an Company issued $460,000 8%, 10-year bonds for $442,800 with a market rate of 10%. The effective-interest method of amortization is to be used and interest is paid annualty. The journal entry on the first interest payment date would include a O A. credit to Interest Expense of $7480 O B. credit to Discount on Bonds Payable of $7480. O C. credit to Interest Expense of $36,800. O D. credit to Cash of $44,280