On January 1, 2011, Chang Company Sold Bonds with a Face

On January 1, 2011, Chang Company sold bonds with a face amount of CHF50,000,000 at 97, a yield of 11%.Interest is payable semiannually at 10% on July 1 and December 31.The entry to record the July 1, 2011 interest payment will include

A) a debit to Bonds Payable for CHF2,500,000.
B) a credit to Bonds Payable for CHF2,667,500.
C) a credit to Cash for CHF5,500,000.
D) a debit to Interest Expense for CHF2,425,000.