Solderman Company issued $530,000, 7%, 10-year bonds for $432,800 with a market rate of 9%. The effective interest method of amortization is used and interest is paid annually. The journal entry on the first interest payment date would include a OA. credit to Cash of $37,100. B. credit to Interest Expense of $37,100. OC. credit to Cash of $38,952 OD. credit to Interest Expense of $38,952 Click to select your