A company issued 7%, 10 year bonds with a par value of $250,000 on April 1, 20X1. Interest is payable each September 30 and March 31. The journal entry to accrue interest expense as of December 31, 20X1, is: Multiple Choice Account Title Bond Interest Expense Bond Interest Payable Account Title Bond Interest Expense Cash Account Title Bond Interest Expense Bond Interest Payable Account Title Bond Interest Expense Cash Debit 8,750 Debit 4,375 Debit 4,375 Debit 8,750 Credit 8,750 Credit 4,375 Credit 4,375 Credit 8,750

December 34 . 20xt is