Salt Lake Glassware Company Issues $1,022,000 of Its 9%,10-Year Bonds

Salt Lake Glassware Company issues $1,022,000 of its 9%,10-year bonds at 96 on February 28,2017.The bonds pay interest on February 28 and August 31.Assume that Salt Lake uses the straight-line method for amortization.The journal entry to record the first interest payment on August 31,2017 includes a ________.

A) debit to Cash for $45,990
B) debit to Interest Expense for $48,034
C) debit to Interest Expense for $43,946
D) debit to Discount on Bonds Payable for $2,044