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:

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