3.334 pts Question 11 on the first day of its fiscal year. J Co. issued $1,000,000 of five-year, 8% bonds to finance the remodeling of an office building. Interest is payable semiannually. The bonds were issued at an effective interest rate of 1 1%, resulting in J Co. receiving cash and the amounts to journalize the payment of the first semiannual interest payment. Amortization of discount/premium is to be recorded annually.) All amounts are to be rounded to the nearest dollar DATEDESCRIPTION PREFDEBIT CREDIT Interest expense debited 1) 580,000 Cash credited (2) $80,000 o cash debited (1 80,000 tnterest expense credited (2) S80000. O Cash debited (1) $40.000, Interest expense credited (2) $40.000. Interest espense debited (1)S40,000, Cash credited (2) S40,000 here to search ew . DOLL