Given the following information from an amortization table for December 31, prepare the journal entry to record the payment of interest. Carrying Value 6% Cash 7% Effective Interest Interest Premium Amortization $42,000 $36,777 $5,223 $507,567 A. Account Debit Credit December 31 Interest Payable 42,000 Premium on Bonds Payable 5,223 Interest Expense 36,777 O B. Account December 31 Interest Expense Premium on Bonds Payable Cash Debit Credit 36,777 5,223 42,000 C. Account December 31 Interest Expense Discount on Bonds Payable Bonds Payable O D. Account December 31 Interest Expense Discount on Bonds Payable Debit Credit 36,777 5,223 42,000 Debit Credit 36,777 5,223