When a bond is issued at a premium, the journal entries to record the coupon payments will include: a) Interest expense that is higher than the coupon payment b) Interest expense that is lower than the coupon payment c) Interest expense that is equal to the coupon payment d) A credit to Bonds Payable e) Not enough information to answer the question A bond is issued on January 1, 2019 when the market rate was 5% with the following terms: Par: $50,000 Coupon Rate: 4% Maturity Date: December 31, 2023 Annual Coupon Payments What is interest expense for the year ended December 31, 2020? a) $47,835 b) $2,392 c) $2,411 d) $2,000 e) None of the above