On January 1, Clive Corporation Signed a $460,000, 6%, 30-Year

On January 1, Clive Corporation signed a $460,000, 6%, 30-year mortgage that requires semiannual payments of $16,621 on June 30 and December 31 of each year. The journal entry to record the first semiannual payment would be: (Round your final answer to the nearest dollar.)

A) debit Interest Expense, $2,821; debit Mortgage Payable, $13,800; credit Cash, $16,621.
B) debit Interest Expense, $13,800; debit Mortgage Payable, $2,821; credit Cash, $16,621.
C) debit Mortgage Payable, $16,621; credit Cash, $16,621.
D) debit Interest Expense, $13,800; debit Mortgage expense, $2,821; credit Cash, $16,621.