Can someone please help? I will give a like if its correct! Thank you!

On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interest payable semiannually. Lisbon does not record amortization with the semiannual interest payments. The adjusting entry at year-end to journalize the amortization of the premium (by the straight-line method) includes a debit to a. Premium on Bonds Payable for $5,000 b. Premium on Bonds Payable for $2,500 c. Interest Expense for $2,500 d. Interest Expense for $5,000

On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 10 -year, 7% bonds for $1,050,000, with interest payable semiannually. Lisbon does not record amortization with the semiannual interest payments. The adjusting entry at year-end to journalize the amortization of the premium (by the straight-line method) includes a debit to a. Premium on Bonds Payable for $5,000 b. Premium on Bonds Payable for $2,500 c. Interest Expense for $2,500 d. Interest Expense for $5,000