A company issues $50 million of bonds at par on January 1, 2018. The bonds pay 10% interest semi-annually on 12/31 and 6/30 and mature in 20 years. The journal entry when the bonds are sold is:

O 50,000,0 00 500.000 Cash Interest Expense Bonds Payable Interest Payable 50,000,000 500,000 50,000,000 50,000,000 O Cash Bonds Payable Cash Interest Expense Bonds Payable Interest Payable 50.000.000 5,000,000 50,000,000 5,000,000 50,000,000 2,500,000 Cash Interest Expense Bonds Payable Interest Payable 50,000,000 2,500,000