Hype Inc issues bonds with the following information:

Par Value	$100,000
Term	12 years
Contract Interest Rate	5%
Issue Price	103

What is the journal entry when the semi-annual interest payment is made?

[ Select ] ["", "DR", "", "CR"] [ Select ] ["Cash", "Interest Payable", "Interest Expense"] [ Select ] ["2,500", "2,375", "2,625", "5,000"]

[dr] [ Select ] ["Discount", "Premium"] [ Select ] ["250", "208", "417", "125"]

[ Select ] ["DR", "CR"] [ Select ] ["Bonds Payable", "Cash", "Premium", "Interest Expense"] [ Select ] ["2,500", "150", "2,350"]