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What the next journal entry to record the interest payment

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Problem 1: Assume the current carrying amount of bonds payable is? $323,978 and the par value of the bonds is? $300,000. The stated rate is? 10%, and the yield is? 7%. The? effective-interest method of amortization is used and interest is paid semiannually. The next journal entry to record the interest payment and amortization includes a debit to interest expense? for: ?(Round-up your calculations to the closest? dollar; no? decimals)

A. ?$3,661
B. ?$11,463
C. $15,000
D. ?$11,339

Reference no: EM132754422

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