A company issued 9%, 15-year bonds with a par value of $520,000 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 $23,400, crede Cash $23,400 No entry is needed, since no interest is paid until the bond is due Debit Bundest Expense $470,000, credit Cash $470.000 Debit Blond interest Payable 534,667, Cash $34.667 Debit Bond Interest Expense $46.800 credit Cash $46.800