Time left 0:25:57 Wolf Creek Inc has available for issue a $3,200,000 bond due in eight years. Interest at the rate of 6% is to be paid semi annually beginning six months from the date of issue. The market interest rate is currently 4%. What should Wolf Creek Inc's journal entry be to record its first payment of interest six months after the date of issue? 15,542 32,000 48,458 Select one: O a. Premium on Bonds Payable Bond Interest Payable Bond Interest Expense Cash to record payment of interest with accrued portion 72,687 - 24,229 = 48,458 23,313-7771 = 15,542 O b. Premium on Bonds Payable Bond Interest Payable 23,313 32,000 DI