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:

Multiple Choice

Debit Bond Interest Expense $$27,900$; credit Cash $$27,900.$

Debit Bond Interest Expense $$55,800$; credit Cash $$55,800.$

Debit Bond Interest Payable $$41,333$; credit Cash $$41,333.$B