A company issued 5-year, 9% bonds with a par value of $93.000. The company received $90,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is: A company issued 9%, 15-year bonds with a par value of $620,000 that pay interest semiannually. The market rate on the date of issuance was 9%. The journal entry to record each semiannual interest payment is