[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
On April 1,Year 1,Greenway Corporation issues $20 million of 10%,20-year bonds payable at par.Interest on the bonds is payable semiannually each April 1 and October 1.
-The journal entry to record the first cash payment to bondholders on October 1,year 1,will include:

A) A credit to Cash of $2,000,000.
B) A debit to Bonds Payable of $1,000,000.
C) A debit to Interest Expense of $1,000,000.
D) A credit to Interest Payable of $1,000,000.