The premium on bonds payable: A. has no effect on interest expense over the life of the bonds. B. represents an increase in the periodic interest payment over the life of the bonds. C. represents a decrease in interest expense over the life of the bonds. D. increases interest expense to the effective interest rate. 10:01 a.m. Assume the current carrying amount of bonds payable is $323,978 and the par value of the bonds is $300,000. The stated rate is 10%, and the yield is 7%. The effective interest method of amortization is used and interest is paid semiannually. The next journal entry to record the interest payment and amortization includes a debit to interest expense for: (Round-up your calculations to the closest dollar, no decimals) A. $3,661 B. $11,463 C. $15,000 D. $11,339 10:02 am On January 1, 2018, Karma Corp. issued $300,000, 3%, 10-year bond. At the time of issuance, the the rate of return of similar investments was 4.5%. The semi-annual interest is paid on June 30 and December 31. In recording the issuance of the bond, Karma Corp. should: (Round up your calculations to the closest integer, meaning no decimals) A. credit Bonds Payable for $$264,082. B. debit Cash for $300,000. C. credit Discount on Bponds Payable for $35,918. D. debit Cash for $264,082 10:02 a.m