6% per period 7% A company issues $100,000 of 8%, five-year bondsHide Timer 1.060 1.070 1.124 1.145 When the bonds are sold in the market, the interest 1.191 1.225 rate is 10% 1.262 1.311 1.338 1.403 1.419 1.501 Which journal entry correctly records the first 1.504 1.606 interest payment? 1.594 1.718 1.689 1.838 1.791 1.967 1.898 2.105 Debit interest expense $8,000.00; 2.012 2.252 2.133 credit cash $8,000.00 2.410 2.261 2.579 Debit interest expense $9,263.55; 2.397 2.759 2.540 O credit discount on notes payable 2.693 3.159 $1,263.55; credit cash $8,000.00 2.854 3.380 7 3.026 3.617 Debit interest expense $9,241.83; 3.207 3.870 credit discount on notes payable 36 5.427 $1,241.83; credit cash $8,000.00 7.612 16 7.686 10.677 Debit interest expense $9,236.52; 10.286 credit discount on notes payable 467 18.420 29.457 $1,236.52; credit cash $8,000.00 or of $1 per pel 4% 5% 6% BOOKMARK NEXT > CLEAR 862 2.952 7 3 4.292 5.743 22 140 14.974 0.952 0.943