Login - Provider Po.. Do Nerdify | Get a Pers.. Reading ACC-250-0500 Krishna Rodriguez & | 07/01/21 6:47 PM Quiz: ACC250 Final Exam - GROUND/TO/OL Time Remaining: 00:40:36 Submit Quiz This Question: 4 pts 33 of 40 (33 complete) This Quiz: 100 pts possible On January 1, 2019, Agree Company issued $91,000 of five - year, 8% bonds when the market interest rate was 12%, The issue price of the bonds was $74,401. Agree uses the effective - Interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment? (Round all amounts to the nearest whole dollar.) O A. Interest Expense 3,640 Discount on Bonds Payable 1.820 Cash 5,460 B. Interest Expense 5,460 Discount on Bonds Payable 3,640 Cash 1,820 O C. Interest Expense 5.460 Cash 5,460 O D. Interest Expense 4.464 Discount on Bonds Payable 824 Cash 3,640 Question Viewer