The 5,000, $1,000 face value bonds issued by Cage Company on March 1, 20X1 pay interest at a 9% annual rate semiannually on April 1 and October 1.

Which of the following is part of the journal entry to record the interest payment on April 1, 20X1?

Group of answer choices

A DEBIT to Interest Expense for $225,000

A CREDIT to Bonds Payable for $37,500

A CREDIT to Bonds Payable for $450,000

A CREDIT to Cash for $225,000

A DEBIT to Interest Expense for $450,000

A CREDIT to Cash for $37,500