The Frozen Lake Company Issues $503,000 of 10%,10-Year Bonds at 107

The Frozen Lake Company issues $503,000 of 10%,10-year bonds at 107 on March 31,2017.The bond pays interest on March 31 and September 30.Assume that the company uses the straight-line method for amortization.The journal entry to record the first interest payment on September 30,2017 includes a ________.

A) debit to Cash for $25,150
B) debit to Interest Expense for $26,911
C) debit to Interest Expense for $23,389
D) credit to Premium on Bonds Payable for $1,761