Cyber Tech Inc. produces and distributes fiber optic cable for use by telecommunications companies. Cyber Tech Inc. issued $2,000,000 of 20-year, 9% bonds on January 1 at their face amount, with interest payable on July 1^stand January 1^st. The fiscal year of the company is the calendar year. On July 1^st of the same year, Cyber Tech records:

Question 38 options:

	Decrease to Cash of $180,000, increase to Interest Expense of $180,000
	Increase to Interest Payable of $90,000, increase to Interest Expense of $90,000
	Increase to Interest Payable of $180,000, increase to Interest Expense of $180,000
	Decrease to Cash of $90,000, increase to Interest Expense of $90,000