The Amazing Widget Company issues $500,000 of 6%, 10-year bonds at 103 on April 1, Y1. The bond pays interest every March 31 and September 30. The market rate of interest on the issuance date was 4%. The company uses the straight-line method for amortization. The journal entry to record the first interest payment would include a a. debit to Interest Expense for $15,000. b. debit to Interest Expense for $15,750. c. debit to Interest Expense for $14,250. d. credit to Premium on Bonds Payable for $750.