Help On January 1, a company issued and sold a $394,000, 9% 10-year bond payable and received proceeds of $389.000, interest is payable each Juno 30 and December 31. The company uses the straight-line method to amortize the discount. The Journal entry to record the first interest payment is Save & Exit Su Multiple Choice Debit Bond Interest Expense $17.980 Credit Cash $17.730 Credit Discount on Bonds Payable $250 Debit Bond Interest Expense $35460, credit Cash $35,460 Debit Bond Interest Expense $17.730, debit Discount on Bonds Payable $250 credit Cash $17.980. Debit Bond Interest Expense $17,730, credit Cash $17,730 Debit Bond Interest Expense $17.480, debit Discount on Bonds Payable $250; Credit Cash $17.730