Solderman Company issued $510,000, 7%, 10 year bonds for $422,800 with a market rate of 9%. The effective interest method of amortization is used and interest is paid semi-annually. The journal entry on the first interest payment date would include a: A. credit to Cash of $35,700. B. credit to Interest Expense of $19,026. C. credit to Interest Expense of $35,700. D. credit to Cash of $17,850.

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