Given the following information from an amortization table for December 31, prepare the journal entry to record the payment of interest. 6% Cash 5% Effective Premium Carrying Interest Amortization Value Interest 42,000 36,777 5,223 730,310 A. Interest Expense 36,777 Discount on Bonds Payable 5,223 Bonds Payable B. Interest Payable 42,000 42,000 Premium on Bonds Payable 5,223 Interest Expense C. Interest Expense Discount on Bonds Payable 36,777 36,777 5,223 Cash 42,000 D. Interest Expense 36,777 Premium on Bonds Payable 5,223 Cash 42,000