A company issued 9%, 15-year bonds with a par value of $490,000 that pay interest semiannually. The market rote on the date of issuance was 9%. The journal entry to record each semiannual interest payment is: Multuple Choice Debit Bond interest Payable \$32,667, credit Cash $32,667 Debit Bond interest Expense $22 o50 eredir Cash $72.050 No entry is needed, since no interest is paid unail the bond is due. Debit Bond interest Expense 544100 ; credt Cobh $44700