The Amazing Widget Company Issues $500 000 of 6%, 10-

The Amazing Widget Company issues $500 000 of 6%, 10- year debentures at 103 on 31 March 2014. The debenture pays interest on 31 March and 30 September. The market rate of interest on the issue date was 4%. Assume the company uses the straight- line method for amortisation. The journal entry to record the first interest payment on 30 September 2014 is a:

A) credit to Premium on debentures payable for $750.
B) debit to Interest expense for $14 250.
C) debit to Cash for $15 000.
D) debit to Interest expense for $15 750.