Hutton Corporation issued $100,000 of 7%, 15-year bonds on April 1 20X6 for $89.750. The market rate for the bond at issuance was 8.2%. Interest is paid on April 1 and October 1. Using the straight-line amortization method, the proper entry to record interest on October 1, 20X6 a debit to interest expense for: $3,500.00 $3,841.67 $3,158.33 $4.183.33 Question 15 4 pts Hutton Corporation issued $100.000 of 7%. 15-year bonds on April 1 20X6 for $89.750. The market rate for the bond at issuance was 8.2%. Interest is paid on April 1 and October 1. Using the effective interest method, the proper entry to record interest on October 1, 20X6 a debit to interest expense for: $3.320.25 O $3,679.75 O $3.687.12 $3,500.00