A company issued 9%, 15-year bonds with a par value of $560,000 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 O Debit Bond Interest Expense $25,200 Credit Cash $25,200. O Debit Bond Interest Expense $50,400; credit Cash $50.400. O Debit Bond Interest Payable $37,333, credit Cash $37,333 O Debit Bond Interest Expense $510,000; credit Cash $510,000