cm CTIUS VISUS HRISTOVESTUS increasing the number of times bond interest are paid 3 pts Question 18 Best Buy issued $200,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated Jamuary 1, and mature in five years, on January 1. The total interest expense related to these boods for the current year ending on December 31 is $6,000 $2,000 518,000 $24,000 3 pts Question 19 The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to debit Cash and Discount on Bonds Payable credet Bonds Payable debit Cash, Credit Premium on Bonds Payable and Bonds Payable cm CTIUS VISUS HRISTOVESTUS increasing the number of times bond interest are paid 3 pts Question 18 Best Buy issued $200,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated Jamuary 1, and mature in five years, on January 1. The total interest expense related to these boods for the current year ending on December 31 is $6,000 $2,000 518,000 $24,000 3 pts Question 19 The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to debit Cash and Discount on Bonds Payable credet Bonds Payable debit Cash, Credit Premium on Bonds Payable and Bonds Payable