3 2 A company issued 8%, 15 year bonds with a par value of $580,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest payment is: M e Choice 0 O Debt Bond Interest Expense $23,00, cred Cash $22 200 0 De blondinerest Expense 546,400. Credit Cash 46,400 0 D ond West S667, cred 3667 0 Debt Bond Interest Expense $530000, Credit Cash $5.30.000 0 No entry is needed, since it is paid until the bonds due