Brief Exercise 9-48 Debt Issued at Par On January 1, 2020, Desmond & Co. issued 5,000 bonds with a $1,000 par value at 100. The bonds have an 8% stated rate, pay interest on June 30 and December 31, and mature on December 31, 2020. Required: Prepare the journal entry to record the interest payment on June 30, 2020. 2020 June 30 Bonds Payable Cash Interest Expense Interest Payable Bonds Payable Premium