the longhorn company has issued bonds with a stated rate of interest of 5% that pay interest on june 30th and december 31st each year. the bonds were issued for $5,858,431. the bonds have a principal amount of $5,000,000 and mature in 10 years. the bonds were issued on january 1st of the current year. the market rate of interest when the bonds were issued was 3%. the market rate of interest today is 7%. when the first interest payment is made on june 30th, the amount charged to bonds payable is, a. a debit of $80,045 b. a credit of $37,124 c. a debit of $37,124 d. a credit of $80,045 e. none of the above